Diversionary posts and ridiculous "thumb ratings" are lame attempts to discredit anything contrary to those short the stock as downside bets.
There are at least two Shirley Mason posters here -- this one has repeatedly tried to dis you on about 7 different aliases here over the last 6 months -- is all one chump and his boos must think they can influence retail investors with such inanity. Stupid really on a tape with 5m shares trading daily. Have you ever noticed this idiot has the same syntax issues and themes on all of his dippy aliases? I put them on ignore as they come up, but if you click through on his iterative new aliases, you'll see he posts 100s of posts per week on many aliases and, as you have done when he "attacks" you (LOL) many folks call out his bs and new aliases on other boards as soon as they read one of them. You'd think YHOO could at least limit everyone to one alias per board... but other than holding BABA shares, yhoo is not much of a company as you know.
As you likely know from reading this board, we have at least one other multialias posters here... but seems he has gone dark after revealing his lack of integrity. yawn
Ed, glad to see you, grftt and 4-5 other guys who have been involved with the stock over the longer run are still around for the brighter days coming for MPEL
Last summer we pointed out that Vegas cheerleading by weak analysts and dippy media writers aside, Xi Jinping's "Foxhunt" (his quest to extradite crooks and political foes who absconded with misappropriated funds from China launched with vigor in July netted former Security Minister Zhou among other "corrupt tigers") was likely to shut down the Vegas GGR "resurgence as quickly as it began in May and June (uo 30%+ yoy) down to just 7% in July and pretty much negative all year thereafter, including today's data release that Vega GGR was down a whopping 16% for December.
Seartch under "Vegas resurgence" here to read some fun going back to July. LOL
We don't have a corruption crackdown here in the U.S. last time I checked, and no Asian whales or Steve's "Latins" are playing here either it seems. Nah... seems Vegas is just back to blue hair slots and college kids and tour bus play when it comes to those high-ceilinged Vegas casinos...
But it makes sense for the group to go off on this data, huh? Oh, that's right... of the four U.S.-listed companies, MPEL has no Vegas operations. MPEL has only the best performing premium end of mass gaming properties in what LVS called the "greatest gambling market in the world (Macua)."
Wait, I forgot they also have COD Manila, where their 300 VIP suites are said by Ho to be "insufficient to meet [booking] demand" and where observers uniformly agree the GGR will be growing faster than anywhere else in the AP region. I wonder how many months of operation there will pass before MPEL announces they are ready to begin consturtion on their new "premium mass" and VIP suites tower in Manila as Phase 2 there. LOL
Grant's views have been largely seconded by LVS since... see the ggrasia article for more if you missed it.
Your comments once again reflect your ignorance and pig-headed agenda here. Unbelievable to think anyone would pay you for trying to post your endless stream, on many sheethead alaises, of blithering attempts at diversionary posts.
They are also out of context of my comments on dividends and buybacks over time as those with a brain certainly understand regardless of what stupidity you try to cast.
I have commented numerous times here that the reason MPEL is paying cash dividends is that Packer's company that owns 1/3 of MPEL needs the cash flow to support his otherwise marginal funding. I have also noted several times that buying back stock is a far more compelling and tax efficient means of managing excess capital/returning it to shareholders. MPEL's cash divs have been trivial to date, while the buybacks have dwarfed those amounts -- in sum, MPEL's sophisticated BOD obviously agrees with my view on buybacks; so does everyone managing money unless the charter is div oriented.
So now, pigeon, go read your last sentence again to see how hollow your bs is as always. In the context of our selling out/hedging at $43 (not "telling others to do so", just pointing out in plain terms that some might want to think about why we and other pm were doing just that) in January '14, then also why we reloaded from 50d ema at $38 up to $42 to relighten above $44 in March '14, your comments are as always ridiculous.
So now this multialias sheethead/idiotpumper/mytek/blaqnite/tahoe/fcanyc/fcuimbecile/fcaholly and his other 5-6 aliases used here writes this as if I have been disgenuine here?
"squeezetracker • Feb 20, 2014 11:40 AM
Adding to core down here
Group move underway without MPEL ... love it.
squeezetracker • Feb 21, 2014 12:38 PM
We are now on our largest ever allocation and done adding unless the stock breaks down again.
It was a delightful little shakeout while it lasted, serving our wants just perfectly.
*note the stock was $42 at that time."
Seriously, what a moron this putz reveals himself to be. I have shared many of our trades here over time, especially when this putz tries to dis me with his stupidity... Those who can read without mental impairment don't have to try hard to resolve what this putz thinks somehow demonstrates that I have no idea what I am doing. LOL
Simply read above and below for posts I shared in jan., Feb and March last year (selling out the trade chunk hedging the core) and when we pulled the core hedge and reloaded the next iterative trade slug as the shakeout back to the 50d ema ($38) happened -- which was then sold out as the stock double topped again above $45. (Incidentally, this F head has made reference to his "gotcha" stupidity on at least 10 occasions prior where I simply dumped his then new alias to ignore without responding at the time.)
AFTER that bail in March 2014, we inititiated a new trade allocation layered in over the last 9 months & lightened on the 20% bounce higher above $36 over the last half of June 2014. As noted, the adds were heavy below $28 and esp below $22 double bottom - this is the "trade" piece we currently own just below $25, again, excluding the NUMEROUS box shorts & pair trade shorts (MGM, LVS and WYNN) and option writes -- many of which were discussed right here over time.
If not such a waste of time, it would be just comedy pointing out how lame this tart is. LOL
As noted last night, against the backdrop of all the ridiculously negative press and "jonny come lately" negatively slanted analysts reports (on "plummeting VIP" (9 of the 10 largest still operating all but 3 rooms LOL), the late summer '14 corruption crackdown/Zhou arrest in late July, Ho's reset of mass expectations to half the run rate of 1H as told in Aug '14, Jinping's Dec visit, smoking ban bs, it was good to see LVS offer up less than disastrous update last night, and remain "uber bullish" on the future of mass/premium mass in Macau...
I pointed out a few less than flattering aspects of the results (lucky holds and solid Singapore results made to look really good by the obscured property tax credit incl in "ebitda" verbiage until they came clean at the end of Q&A and then only when asked?) , but still good to see less than awful results. Shel dissing MPEL's HODW and saying they are the best on ebitda (in total, not relative to ROIC/footprint) was also pointed out as Shel's being out of touch a bit, but that is not new either.
Good to see LVS get to 80% of adj. ebitda in macau from mass play -- ironic that they call that best in the group; apparently they don't realize MPEL was up to 85% on that metric for the Sep Q and will no doubt be even moreso now given that VIP is down hard 4Q yoy (adj for premium mass playing in VIP rooms for smoking purposes).
MPEL should also look "best in class" on occupancy as they have run at 100% (30-40% turnaway rate) since March Q2014. COD has had better ADR/revpar too -- without the comp promos LVS concedes they are now doing to fill rooms.
Singapore doing decent on VIP is also an important note... seems some RC players will travel a bit further than Macau to play. Maybe that is part of what MPEL was alluding to when Ho said the 300 or so VIP suites at COD Manila was "not enough to meet demand." Macau really does need to think through whether they want all that biz to go elsewhere, but MPEL and LVS are all set if so.
Shel has skimmed over favorable holds for years... he tends to discuss them only when they are light to "expected" bounds.. As for the property tax credit at MBS, no one is viewing that as "earnings"... and MBS still looks good given floored expectations
The U.S. listed stocks are all completely washed out down here, to the point where even though Vegas is worse than skeptics have modeled, it may be that even MGM is too cheap.
No, pretty much you are the only idiot here.
The other multiliias poster was a seller at the top and didn't reload until down about $10 before selling out in the high 20s and then reloading some at $25 as he documented here and elsewhere on various pseudo names and alaises. He's no idiot like you though -- he can actually write and is reasonably bright... he just lacks integrity and consistency, has no sense of couth, and is intentionally underhanded and deceitful as called out on this board.
And several of those who considered my suggestion to sell or lighten or hedge out the double top (both times) above $43 last January and March thanked me for that perspective right on this board and on email.
You really ought to find something to do with your time -- you sukk at dissing people and must simply like being stomped on. Thanks for the entertainment tho... fun to call it out your stupidity when i see it and have time.
Great to listen to upbeat comments on LVS and Macau as the "Greatest gaming market in the world" (per Rob). They did a great job emphasizing the positives and fun to see them address "new Macau" by saying "diversification" at least 25 times on the CC... Also good to see their emphasis on adj ebitda... that is the important measure and why mass/premium mass is the future for MPEL and LVS. Shel still thinks absolute level of ebitda makes LVS best in class and all that matters though. He stills struggles with the difference between that and what matters more than total ebitda: adj ebitda/capital invested (cash ROIC). No one is ahead of MPEL on that metric in Macau, not even Steve now that VIP is haircut 40% or more at WYNN.
LVS numbers (not so much the script) also make it obvious that Vegas is hurting -- as discussed here while the weakest of the bunch and the idiots on this board were dissing macau last summer, so much for the big Vegas "resurgence" the analyst group was touting last summer while the May and June fly ins from China were happenings, along with Steve's "Latins" LOL
A point of departure: Shel's comments on HODW and entertainment at COD were out of touch. Shel does not understand that HODW is an "every visit" thrill for most of MPEL's "premium" end of the market clientele and that the show does change over time. He apparently also does not realize what MPEL is bringing to the party with Studiop City phase 1 and then 2.
And Shel has in fact done a great "diversification" service to Macau with all the MICE facilities... hat off to him for that investment -- all of the companies benefit from big events and it helps other properties fill up rooms (MPEL's COD is the best occupied property on macau week in and week out as you likely know -- 100% last three Qs running).
Again, good to hear an upbeat assessment on things going better than the bs media and weak analysts would have guessed, especially in the very soft Dec Q.
I see that below sheethead doesn't grip what an idiot he is yet... what a pos on all 10 or so aliases.
Everyone here longer run knows we bailed on the trading allocation and hedged out the core at $43 in January 2014 and on the next trade chunk out again at $43 in March after $38 reload...
Here's an excerpt (January 2014 with stock at $43.50 and dufusboy calling for $75 in 2014):
"several of the nubs here trying to dis me (and other longtime quality guys like grftt) are also on that thread and other topics with ongoing examples of cluelessness. Eyes wide open folks; when dippy new #$%$ trading club idiots and other clueless individuals try to dis guys who have extensive knowledge of the markets, sector and individual companies are making points that putzes (see definition below) attempt to refute with ignorance, it is time to consider that this stock changing hands from high quality institutional sponsorship with extraordinary niche knowledge to those chasing [2013's performance here]. Be careful if you have serious money allocated here in an unhedged allocation."
then, on that same thread I expanded on that for Bentley when asked for more info:
"Those who have not been around or forget how several here tried to dis me for calling the stock "frothy" above $45 and suggesting, on january 18 and 19 (the first of the double top highss -- see comments below ) that some who had nice gains along with us might want to consider hedging or selling some along with more reasons for that assessment, might want to read this thread top to bottom."
Everyone who can read beyond sheethead/mytek/tahoe/idotpumper/fcaholly/fcaimbecile/fcanyc/dthe98 and his other labels here can just laugh.
The longtimers since 2009 know our long time success with this stock, and that we own the core at $17, and the current trade allocation right at $25 now... unhedged long the core at $17 and trade chunk at $25.
Again, just for Shirley Mason, the $17 and $25 #s are before hedge gain numbers.
Even Steve Kent (Goldie Suchs LOL) is back to bullish this week after repeating his BUY in July (WYNN AT ~$200 and LVS at ~$78) and then again in mid Sep on WYNN and LVS (at around $187 and $65 or so) before backing down his rating on both just before the bottom last month. The two multialias tarts here think the analyst group had the doom for 2014 called out in January, a month after the dumbest of the two was hyping MPEL would get to $75/share last year. Talk about funny... that was right when I suggested selling some/hedging out at $43+ (as we did and i know you did too Dave).
Listen to the LVS call tonight, Shel had fun kicking Kent in the nuts and all the exec guys chuckled about it. Maybe the LVS execs don't realize these guys get fired if they miss 5-6 important group turns in a row? LOL
Some new joiners to the "turn is here" parade -- 5 published reports this saying that things are now on the mend in Macau and china citizenry sentiment on the economy is improving.
BBN issued this article too.
Jan 27, 2015
Macau casino shares jumped in Hong Kong trading after gaming revenue in the world’s biggest gambling hub gained last week, which analysts took as a sign the industry may be out of its free-fall of late last year.
The industry’s gross gaming revenue for table games rose 6 percent for the week ending Jan. 25 from a week earlier, which “could further indicate stabilization” after President Xi Jinping’s Macau visit last month, Bank of America Merrill Lynch analysts led by Billy Ng wrote in a note. The measure still fell 7 percent compared with a year ago.
Xi’s visit coincided with government efforts that included plans to crackdown on illicit funds funneled through Macau amid his anti-graft campaign, leading to seven straight months of declines that peaked at a 30 percent plunge in December. Union Gaming analyst Grant Govertsen upgraded the sector to a buy rating yesterday, writing that evidence is mounting “that we’ve finally reached the bottom,” and Macau gaming names “are poised for a rally”.
Shares of Wynn Macau Ltd. (1128) jumped 8.4 percent to end at HK$21.90 by the close of trading, the biggest increase since last April. MGM China Holdings Ltd. (2282) and Galaxy Entertainment Group Ltd. (27) both gained 6.5 percent, Melco Crown Entertainment Ltd. (MPEL) was up 5.6 percent, and Sands China Ltd. (1928) increased 3 percent. The benchmark Hang Seng index fell 0.4 percent.
The Bloomberg Intelligence Macau (China) Gaming Market Index slumped almost 40 percent last year, amid policies that included restrictions on the use of UnionPay’s debit cards at casinos, making it harder for bettors to buy pricey items that they exchange for cash to gamble with. The index closed 1.8 percent higher yesterday, and gained a further 5.9 perce
They see VIP becoming less important over time because the chinese govt and investors and mgmt teams will all want the reduced risk of having blow ups on corrupt players/tours/activities in macau. Union Gaming, as more of a boutique consulting firm for private funds than meaningful research unit for brokerage purposes, is focused on all of that integrity stuff for macau operators because clients have asked them to look into it. Those who have read their report know they don;t really give much thought to December or 4Q results -- for the reasons I have discussed many times as noted above... what matters is that they think mass will soon be back in stride and that the 2H numbers will be back to growth trend... and, while dthe98 and all of his opther aliases have suggested "VIP is DEAD" forever, Union Gaming essentially says ~"corruption and illegal money transfers and concealment of dubious players is forever dead, but real VIP will remain in good stead, and so will premium mass, esp as new properties come on 2h.
Joining first "back in the water" Morgan Stanley, Union revised their rating from neutral to BUY, raised their price target to $31 (MS is at $28 -- easy bogey for 20% upside needed for BUY)and later raises) and suggests owning them before they all take off as the street gains comfort with the forward progress.
Lots of good news to come from here forward, esp for MPEL and WYNN... or you can focus on what the idiots at Mcquarrie,Zacks, karen Twang, Isis Wong, and dippy KcKnight as well as Shuli Renn, James Detar and the multialiasssess here have to spew about macau being a sell...
But a hardy F off to all of those putzes-- they deserve what is coming as I wrote with the stock at $21. And yes, the stocks certainly can still retestrecent lows, but serious money sentiment is shifting back to positive on the group and hedges are largely off if my optics.
Did i say F off to the two idiots with 10 aliases here? Yeah -- go F yourselves, all of yous. LOL
You have Shirley mason comments trying to dis Union Gaming's piece on macau on another thread here (unless he deletes them), and I called out his bs on that aliasss solely because prior to signing in I see he wrote some juvenile bs about shoving quant up my sleeve -- what a little F cork soaker -- on all 10 or so aliases he uses here. On this topic (his thread) his comments are disgenuine and lacking in knowledge as usual, but they comically reveal his lack of sophistication about the markets... come to think of it, he does just that on all of his aliases used here.
A prelude to what Grant had to say in his piece though, as i have said since November on many threads, the month of December will suck and so will the quarter -- but that has little to do with anything about what will unfold in 2015 -- a very tough comp for Q1 (last Feb was the end of ramping the new LVS cotai central and first CNY with all of the new Cotai properties up and ramped and this was all pre July's revelations on "tigers and flies" and jinping's "Foxhunt" for his political foes, say nothing of all the bs noise on visas, smoking bans, Lisboa's Goldfish Bowl, car trunk card swipes and closeout of a hundred or so marginal VIP tours that don;t matter to macau long term as the big/legit/ quality VIP tours are still running as discussed here often. Rough comps aside, the quality buysiders in these names know what matters is sustainable ebitda, and no one is doing that better than MPEL with the premium end of mass play.
Here's my take on what union Gaming's report says...
thank you Ed... with at least two multiple aliases aholes here, iy is good to see a few longtimers including grftt and yourself are still here. Better days ahead for Macau, and MPEL is better positioned than any other company for what is unfolding in Macau and Manila.
along with his 6+ other aliases he uses to make an #$%$ of himself everywhere on yahoo. too stupid... 78 posts on this new pos since Thursday. Click his messages to see EVERYONE tells him to go F himself on all aliases.
Here's what I stomped in November when he #$%$ on himself on pcln, expe and hlf:
"This is the fifth alias this twerp (he goes by various known names including idiotpumper/mytek/tahoe/blacknite/) has used on this board. You know, the moron who say he made billions short/long NFLX, TSLA/HLF and every other stock jumping around all decade. LOL I'll point out how stupid his moronic comments are just once on this heretofore unseen here alias...
EXPE did crush earnings (and revenues) that is why the stock jumped from below $80 to above $85 last Friday -- where we blew out half and the other half yesterday on the afternoon fade ahead of PCLN's news to pare risk trade allocations on the fade into the elections and oil going nuts south.
PCLN also beat on earnings and revs. No one need fret for little old us -- those who have been reading along as we go know we've run PCLN many times in recent yrs, and owned most of the PCLN below $1040 on the recent gift pullback (sound familiar? ring any bells?...) We blew out of half of PCLN at just below $1200 yesterday (biggest position of the 3 OTAs) and TRIP (smallest trade) yesterday. Out of PCLN just below $1200 and the other half today at $1110.
HLF? Out of the core at $80..." [and hedged out the trade piece last yr at $80 too a year ago... then a few small trades on the bounces before the capitulation].
Here's news for the little cork soaker -- back to very long PCLN on bs dip last week. Currency hits indicated, yes, but lots of travel to Europe this year on the currency advantage and fuel impacts putting consumer discretionary back in daylight now.
Anyone reading here knows the mpel story-- core at $17 (excl hedge gains) - trade chunk basis $25 excl hedge gains and pair trade offsets. 100% long again.
Good to read this exec team's perspectives considering that Galaxy is "not worried" about tables, visas, diversification, employees, GGR or even VIP growing again soon, when they are in a significantly weaker position on all of those fronts than is MPEL. D'YA THINK JUST MAYBE THEY UNDERSTAND 9 OR THE 10 LARGEST JUNKET OPERATORS ARE NOT CLOSING DOWN ANYTHING, AND THAT DAVID GROUP ONLY CLOSE 3 OF THEIR 7 ROOMS ON MACAU? (caps not intended, but F retyping. LOL)
“We were lucky to be given the opportunity to enter the Macau market in in 2002,” said the chairman, adding that the company’s aims were “aligned” with the Macau government’s goal of developing the city as a “world centre of leisure and tourism”.
Galaxy Entertainment’s vice chairman Francis Lui said the firm’s commitment to diversifying the local economy was strong. He said that the company would also be giving more detail shortly on its plans for non-gaming facilities on neighbouring Hengqin Island – a special economic zone of mainland China, next door to Cotai.
But he said the city “needed to address” its logistics and transportation systems before it could become competitive globally in the conferences market.
Mr Lui added: “Because of the huge denominator in the gaming segment, it takes time to see a clear shift with more and more non-gaming.”
Galaxy Ent bosses upbeat on tax, govt relations in Macau
Jan 23, 2015 Newsdesk Latest news, Macau, Top of the deck
Galaxy Ent bosses upbeat on tax, govt relations in Macau
A senior Galaxy Entertainment Group Ltd executive on Friday said he believed the Macau government would think “very carefully” before deciding whether to increase Macau’s effective tax rate on gaming from its current level of 39 percent. A possible four-percentage point rise to 43 percent was mentioned recently by brokerage CLSA Ltd.
Mr Lui stated regarding the tax issue: “We are realistic [enough] to say the government will look into all aspects before making a decision. This is a major decision to be making, and I think the government would be making such a decision very carefully.”
Galaxy Entertainment said at Friday’s press conference it is aiming to open Galaxy Macau Phase 2 with “the majority” of its facilities on offer to the public.
But there was no detail on how many new-to-market gaming tables the scheme would have either at its launch on May 27 or after launch.
Galaxy Entertainment has said in previous public statements that Phase 2 has capacity for 500 tables and 1,000 slot machines.
Robert Drake, chief financial officer of Galaxy Entertainment, told the media briefing in Macau: “Our intention is to open with the majority of our operations as we have done historically with Phase 1. But as far as tables are concerned… we are going through that process right now of working with the government on the submissions… and we are quite confident we will get a sufficient amount of tables to generate the returns we have been forecasting.”
Galaxy Ent bosses upbeat on tax, govt relations in Macau
Jan 23, 2015 Newsdesk Latest news, Macau, Top of the deck
Galaxy Ent bosses upbeat on tax, govt relations in Macau
A senior Galaxy Entertainment Group Ltd executive on Friday said he believed the Macau government would think “very carefully” before deciding whether to in
let's hope the rest of the "wrongway" analyst group remains negative until the reversal is well underway... they will if Maquarrie, Credit Suisse, WFC's Mcknight and Isis Wong and Karen Twang drivel along with Shuli's bent is any indication.
and check out the press on what Li (Beijing overseer) had to say tuesday... he makes it clear that they want diversification and oversight to eliminate illegal money transfers, fraud and prostitution (MPEL has no institutionalized prostitution or "Goldfish Bowl" such as the longstanding Lisboa's "protection" organization for the working girls there LOL)... but Li's comments make it abundantly clear that Beijing wants to avoid restraining the growth of Macau (i.e. tax receipts) in the process.