The stock will see 230 between 12 and 16 months from now. Wynn Palace will double Wynn revenues in Macau.
Barrons says CS downgraded WYNN to Neutral on Macau softness, but in the same breath tells us why that's a mistake. If the whales are being shuffled around to different destinations, that means companies with Macau and Vegas exposure aren't losing much. A Wynn customer is a Wynn customer, if hospitality is worth the name.
I've been calling this the wrong thing. It's the "Greater Boston resort casino license". There's one that's in territory that's effectively farther east called the "Southeastern" license, because Cape Cod, of course.
It's been bidding on this license for a year or more. This was the gaming board's selection of WYNN's proposal from among the remaining competitors (the Mohegan Sun/Suffolk Downs bid was the only other still in the running).
This is a win for WYNN, but it won't be huge. East-coast gaming is not as big a deal as Vegas gaming, which is itself a fraction of Macau gaming. Consider it a reasonable and profitable diversification.
This company is nothing but a piggy bank for its principals. Rory's ridiculous $15 million package, all the insider trading that's going on, and now they're throwing loot at the 12th guy to wangle a seat in the boardroom.
Shareholders, just what do you expect to get out of this thing? Because a profit is not going to be among its returns to you.
They're learning that just arriving doesn't guarantee what they expect. There are lots of them.
Linda Chen gets paid in options and only sells a portion. Insider sells mean almost nothing. Tell me when insiders are buying.
Looks like rainy season. People deal with it. Nice to be inside gambling.
Boston Globe story reports Mass. Gaming Commission has approved Wynn's Everett plan over Mohegan Sun/Suffolk Downs for the Eastern Mass. license.
There's still a referendum aiming to repeal the gaming law overall, but the legality of doing that without compensating Wynn for its lost opportunity due to eminent domain is being questioned. Today's decision locks in that insurance for WYNN.
x86 isn't the only CPU technology in the world. nobody is keeping AMD afloat but suckers who use idiot rationalizations like the one you just did. Your cash is in my pocket and will stay there until I spend it on something nice, like a Picasso.
What color crayon would you like me to draw your new shares in today?
I will never have to cover.
All of those companies got better after those people moved out and applied at AMD. Same thing for Lenovo after Rory left.
AMD is full of people who sandbagged their former employers.
If you listened to me and sold, you saved yourself a 3% loss. Or maybe everyone who sold listened to me and caused a 3% loss. Whichever it is doesn't really matter. This stock is worse than dead. It's dead and infectious and contagious. Avoid the epidemic. Don't touch it. It's the ebola of public companies.
QRE is about 88 cents underpriced reative to .9865*BBEP, but the vig is shrinking slowly. There's still a risk of the merger failing, wherupon QRE would tank and BBEP would pop a bit. So BBEP buyers are paying a premium.