drjackoff/ttahoejack/toast/janetate and all of your other aliases here -- thanks for sharing what the butt of all jokes in the sector is thinking these days... surprised Bain still has a job with the Oppenheimer deal pending; embarrassments have to go. His work is always superficial, but at least Davey understands that Studio City is not going to be hurt by the Palace as GS' Asian analyst dope suggested last Tuesday. LOL
Bain was right on being super optimistic up through March last year, but continued to be one of the biggest cheerleaders on the sector, even after Zhou was arrested in late July. He was also then and still now one of the biggest "Vegas Resurgence" shouters before and after and Steve and Shelly were still talking about how great Vegas was going and Macau would be turning higher no later than 1Q15.
In that context, good to see him get to almost negative now that the entire sector is washed out and discounting that there will never be a "look back" moment Bain touted last Fall with this stock at $25 and WYNN at $180. LOL Since he loved MPEL at $45 (after we sold/hedged out gains at $43 as explained right here in Jan14 and then again March 14) and kept his PT at $58 months after even the dumb analysts dropped back to $50 on Ho's August reset, he must really love the sector down another 35% or so -- now just months ahead of all the glitter and glam that will accompany dazzling new openings in Macau.
Gee Doug, since you "talk" to Bain (you may be his only circulation client if you are not him), you might tell him that LVS and MPEL have siginificant flexibility to move tables to the new venues (though that may require some new GR sharing arrangements as noted prior)... but little old WYNN and the grandiose Palace (just the ticket for today's sentiment on ostentatious wealth displays out of Beijing) has no table flexibility to shift around tables to the Palace 1Q15 if they get the short allocation Steve is madder than a hornet about.
Seems the cabal does not understand anything about the street, that is obvious every time they run their little girl mouths... F Shirley (she is at least 5-6 of the posters here as noted many times when she has mistakenly posted on his own threads using the wrong alias) and maybe 2-3 others in their little Asian trading club... they seem to think they are influencing this tape which is the funniest part of all their bs. Last night your maxipad, the dumbest of them all, talked about getting paid $16/hour which is even funnier since no one would pay anyone for the supidity he exhibits on every post.
But about your alias here, anyone who was on a sales or equity trading trading desk a few years ago certainly appreciates your sense of humor and irony. Perhaps the funniest part is that the namesake settled claims for chump change $350k, likely 10x the capital of Shirley and the cabal combined. "God bless" ROTFL
Now morons (yahoo?) are hacking threads? My Shelly thread from last night was deleted but it matters not...
You gotta love Shelly though, he'd make a great comedian...
Now that the trial with his former Macau exec and slander allegations is underway, he is making jolly good use of that forum to tell his classic sense of humor and cheeky verve... see the Business Insider editorial if you care and need a laugh.
Paraphrasing myself from last quarter where Shel tried to dis Lawrence Ho and the HODW, Shel has long been a self-promoting carnival shouter with solid business skills, but one without a clue how to interact with the street.
LVS' hiding the sausage on the MBS property tax rebate last Q makes the point, as does Shel's forever lack of understanding that having the "most ebitda" is not the relevant metric; adj ebitda keys, win/table & ROIC are what matters. MPEL is the shiz on those scores and has been after the early 2009 financial crisis effects crunched COD's opening along with all other operators until global PBC/Fed Res liquidity actions turned the lights back on for all there.
Shel's answer to GS analyst last yr that "we don't need a cfo because we all know what is needed there" made the point of the question: the buyside and analysts think LVS needs a real cfo who understands the idea of "birds of feather need birds of a feather to talk to." Same as for his comments on cutting staff and costs are not turned in favor of operators now. Shel "speaking his mind" yesterday about having to pay employees too much to send them to Macau is also a riot (as he flies company jets everywhere).
If he and Steve think it is good practice to suddenly begin throwing elbows and shooting their mouths off at Chinese pols/policies, that may be understandable out of frustration, and maybe the other operators should be thankful for the brashness, but all so much the better for MPEL and MGM continuing to use discretion, biting their tongues while "humbly" biding time.