You are asserting that the casino properties are "valuable". But clearly with 4 Casinos closing in Atlantic City with the newest one to be the one to re-open in lieu of one of the other three being closed, there is some question then as to whether casino properties in other parts of the country are indeed valuable. There was a time when having thousands of pay phones as part of your telecom company was considered having some valuable properties. What happens to Vegas once the rest of the country pursues nullification sports gambling to raise sorely needed revenues ? So Far nullification is flying in Washington State and Colorado. The more likely scenario is that the bonds eventually default and the holders are issued new shares of some restructured company that will just wither away into a subsequent bankruptcy. The Wall Street banks will put plenty of provisions in to insure that they harvest equity out of what ever they invest in any CZR Re-emergence from BKrpycy.
The Obama declarations of Air strikes against parts of the former Iraq, have heighten the geopolitical tensions in the 8/7-8 over night and S&P futures are sharply lower . On 8/7 the S&P breached the support of the 100DMA next support is near 1875. The dead cat bounce CZR got on 8/6 is being annihilated by the market sentiments and the situations for CZR becoming more recognized as dire.
We wonder who posts these kinds of apparent spams. This is a stock anyone who had done any small amount of due diligence on would avoid like a plague. Four casinos are closing in Atlantic City one of them a $2 billion project. That one will be acquired for less than $400 million and so make that four closing and one re-opening as against one of the four closing being an offset of knocking out an older project to re-open the newest one. Casino gaming has no more allure. There is too much competition from other states that have legalized it. The only hope for a brief re-birth of enthusiasm is for a Blue state to engage in nullification/de facto reversion to their tenth amendment rights and sanction and sponsor SPORTS gambling. This is what has occurred in Wash state and Colo with another over reach of the Federal Gov't creating and now mostly ending the prosecutions of unenforceable laws that society has long rejected. If you want to you can get a bet down on Cold Teepee in the 8th at Aqueduct. You just have to ask and shop around. There is just nothing that is going to save Caesars post the over leveraging of these banks and insurance companies in the late Aught years. The stock is heading for the pinks, where not even Blue state investors will touch it. There is no equity in common stock over the bond holders debt being settled and those bond holders are actively moving against the 50% to 60% discounts they have recently bought this debt at to get it resolved for a total gain of their 30% distributions and what can be extracted from the company in closing it down and selling off the assets. They are not looking for increasing operating revenue. They are looking at increasing the rate of dissolution of the company to get their speculative gains off the table. While they do and accomplish their machinations they will mostly continue to collect any revenue streams the company gets as service to this over leveraged bond debt.
Shorting is not so easy as there are few shares left available to borrow for such. The ones that are available to short carry premiums to borrow them.
and I can't get up. CZR in desperate need of a Life Alert pendant. Setting me up just to knock-a knock-a knpock-a me down. Down, down, down, I'm Going down down,down, down I'm going down down, down.....Thank you Bruce for providing the theme song and music for this Shakespearean tragedy. A stock that gets it's kicks from just driving itself down!
So the Republicans compromised in 2014 because they really belive thatAll Obamascare, all Solyndra, all Benghazi all the time is going to make the 214 elections a cake walk and they will gain enough sats to turn the agendas their way. But the little Hobby-lobbies wins now are sowing the seeds of their defeats with the general electorate in Nov. The Republicans have become the Gang that couldn't shoot straight. Hey someone close the Fridge he yelled menacingly, I'm on a diet here! But then someone closed a bridge? Bristol Palin earning $250 a year as a teen pregnancy tribute celebrity. The far right calling the moderates who hold the same beliefs on the social issues but want to subordinate them in the campaigns as a strategy to win more elections called out as RINOs. Bill Clinton as popular as ever out campaigning with his Obama FRIENDS for the democratic candidates. Which popular Ex Republican US President can the Republicans trot out to these election fundraisers? The DEms are indeed united. Hillary went over. Ron Paul was snubbed by Romney and asked not to be at the RNC convention. Much of the Ron Paul vote went to Gary Johnson. The Republicans are going to get blamed for turning the 47% into the 52% as the US stock markets continue making new highs and Republicans running for Congress keep telling us how bad it is getting i out there in the economy for their core constituency the shareholder classes.
The COB will continue to report on the Boomers passing through the snake. How was the squandering of Simpson Bowles accomplished? By the Republicans with some political motivations of their own trading more entitlements spending for more defense spending. Has the Chairman of th eHouse budget comittee suggested any caps on COLAs for US Gov't paid and sponsored pensions across the board even the most sacred of the sacred cows. Republicans are back on the campaign trail yet again promising to cut "WASTEFUL" spending but that is all over there is foreign aid and farm subsidies. That together accounts for less than 1/2 % of what CONGRESS appropriates and spends annually. So we cut off the Baksheesh to Pakistan and the supply routes from Karachi to AfPak are cut off and the port is closed to US military supplies. We get rid of the Foreign aid to Egypt and suddenly there are long waits and for some of the US Navy waits of a week or more to transit the Suez Canal. We could make Foreign aid more effective if we bought the wheat we send to Egypt to insure bread supplies that stave off rioting and civil unrest, in nearby Turkey instead of American farmers. Everyone knows the dirty little secret in the Congress that all the spending problems that are unsustainable are in the sacred cows of entitlements and defense spending. There are not enough Republicans who actually want to cut spending and you are seeing it in the primaries and the general elections where Republicans can not keep their seats because the go to their county monthly meetings and start off encouraging people to come to their fundraiser with Congmn Ryan as the keynote, then launch into a bitter attack of the last budget ceiling agreement with out ever mentioning it by the name Ryan- Murray budget compromise. So even if such a clown act manages to win the primary they are knocked out in the general because their core fiscally conservative constituency abandons them and writes in a fictional character.
Obama's administration organized the international military response to Qadaffi's forces over running parts of Benghazi and conducting war on the dissidents of biblical proportions. In the 50's the same political forces of self determination lost China. Obama's administration failed later on the Benghazi issue and then CIA, State, the Pentagon and even the FBI all went about creating some fabrications to provide damage control. So it was like Reno after Waco taking full responsibility . Hillary and Obama ultimately took full responsibility but they facilitated the fabrications of the cooked books Susan Rice purveyed on the Sunday news magazines. So it was Susan Rice who has been made to pay for and take responsibility for Benghazi. So who is Susan Rice? ...Exactly!!! Qaddafi ended up summarily executed on the side of a road somewhere. He could not be made a scapegoat for the US ambassador's death because he was already dead. So much noise over the US ambassador ending the same way bin-Laden went. What did the StateDept do for the ordinary Americans who were the Idahoen missionaries the Shake down thugs in Haiti held in jail for a couple weeks, while the US tripled Haiti's GDP over night. Hillary was hangin' with Putin that week in a more comfortable climate and set of accommodations. Te Dumya laid the groundwork for that when he looked into the man's face. The face of a KGB master mind. People serve in the foreign service with certain risks. We see in the news every week stories of Americans who were tourists or accidental tourists in IRAN ,N Korea and Mexico being thrown into jail. But why would you as a person think it was safe to go to these places and then think the US State Dept would bother to work for your being re-patriated. In either case they know they are not going to New Zealand they are going someplace dangerous and you could get killed. The ambassador went to Benghazi to further US interests in Libya something very bad happened to him +3
The ten year note goes to 3.75% in early 2016 and then the interest on $20 to $23 Trillion is how much? And then how much of that increase will eat into the $100 billion annually Obama has increased defense spending by since the Dumya skeedadlled with the same popularity ratings as Obama enjoys now? Why do policies towards the situations in SW Asia matter if the outcomes will still be the same?
Fair is when you tweak the "Temporary" Bush Tax cuts for my wife and I and then repeal 100% of the payroll tax credit to our maid of honor who as a working poor person is being evicted from the landlord's apartment. We are in the 25% tax bracket but only pay 11%. But we have to pay another 1% to the accountant who figures out how to do that. We are sure going to be happy when that 10% flat tax gets here.
Carter the adult in the room appointed Paul Volker AKA "The Undertaker" to be head of the FEd. Carter was left with Nixon's war to pay for. Over half those on The Wall are from the years Nixon was President. The peace with honor president ended in disgrace and the Vietnam war ended with millions of dollars of helicopters dumped in the ocean. The Republicans were not yet done in SE Asia and Ford launched the Raid/Rescue mission of the Mayguez incident where we lost another 23 or more guys when Ford refused the advice of the Jt Chiefs to await the near term arrival of the aircraft carrier Coral Sea on station to provide adequate staging and support. The Mearsk Alabama fiasco was resolved differently but took a couple weeks to accomplish. If Nixon had paid for half the war with taxes then it would have ended a lot sooner. Instead they printed money. While the people of color who were drafted to fight the white man's war Mitt Romney pretended to be a "missionary", but could not find his way to any nation where you could not get toilet paper. You don't get to be a Prince of the Plutocracy if you end up blown away in a rice paddy @ 19. But if you do not serve you are less likely to be elected President.
Claro! Just look at that chart for Vectren, VVC. Very high price all right for that coal burner stock! VVC does not grow their own but they do own over half the production of therm coal they consume. Obama's war on a coal as effective as his wars on the Mujihadeen!