And they say Harrah's is bad. I think at this point HET going private
is going to be the best thing to hit the strip in years. Looking at
the long term big picture, not this weeks totals but the next 5 year
totals.
Although both The Venetian and Wynn are public companies they insiders
own so much stock that they can (to a certain degree) not worry about
what Wall St. thinks of them today.
-Dave
And they say Harrah's is bad. I think at this point HET going private
is going to be the best thing to hit the strip in years. Looking at
the long term big picture, not this weeks totals but the next 5 year
totals.Although both The Venetian and Wynn are public companies they
insiders
own so much stock that they can (to a certain degree) not worry about
what Wall St. thinks of them today.-Dave
Dave, I tend to disagree with you on the Harrah's going private. They
will have a $11 BILLION debt service and I doubt that they will be
paying that down by "loosening" their paytables. These private equity
firms wring every bit of profit they can to the bottom line so they
can clean up the books and then flip them to the next entity for a
huge pay day. These are not long term operators, IMHO. ED
--- In vpFREE@yahoogroups.com, "mrdave2006" <dave.feuer@...> wrote:
Actually if you look at their current holdings they are long term
players. That is obviously not being any indication of what they will
do with HET but it is what they do. More then likely they will divest
themselves of "non core" props. (RIO / Showboat) and the like. But
will be in it for the long term. With respect to the current
management: The lower tiers are good as are the higher tiers. The
middle management is too bloated and non responsive IMO with the
limited dealings that I have had with them.
-Dave
--- In vpFREE@yahoogroups.com, "gooseed2004" <hicksed@...> wrote:
--- In vpFREE@yahoogroups.com, "mrdave2006" <dave.feuer@> wrote:
>
> And they say Harrah's is bad. I think at this point HET going private
> is going to be the best thing to hit the strip in years. Looking at
> the long term big picture, not this weeks totals but the next 5 year
> totals.
>
> Although both The Venetian and Wynn are public companies they
insiders
> own so much stock that they can (to a certain degree) not worry about
> what Wall St. thinks of them today.
>
> -Dave
>
Dave, I tend to disagree with you on the Harrah's going private. They
will have a $11 BILLION debt service and I doubt that they will be
paying that down by "loosening" their paytables. These private equity
firms wring every bit of profit they can to the bottom line so they
can clean up the books and then flip them to the next entity for a
huge pay day. These are not long term operators, IMHO. ED
Actually if you look at their current holdings they are long term
players. That is obviously not being any indication of what they
will
do with HET but it is what they do. More then likely they will
divest
themselves of "non core" props. (RIO / Showboat) and the like. But
will be in it for the long term. With respect to the current
management: The lower tiers are good as are the higher tiers. The
middle management is too bloated and non responsive IMO with the
limited dealings that I have had with them.-Dave
>
> >
> > And they say Harrah's is bad. I think at this point HET going
private
> > is going to be the best thing to hit the strip in years.
Looking at
> > the long term big picture, not this weeks totals but the next
5 year
> > totals.
> >
> > Although both The Venetian and Wynn are public companies they
> insiders
> > own so much stock that they can (to a certain degree) not
worry about
> > what Wall St. thinks of them today.
> >
> > -Dave
> >
> Dave, I tend to disagree with you on the Harrah's going
private. They
> will have a $11 BILLION debt service and I doubt that they will
be
> paying that down by "loosening" their paytables. These private
equity
> firms wring every bit of profit they can to the bottom line so
they
> can clean up the books and then flip them to the next entity for
a
> huge pay day. These are not long term operators, IMHO. ED
>
Dave, you may be right about the private equity firm being a long
term player. I was using generalities but either way they still
have a large debt to service and hope you are right, but I have my
doubts. ED
-- In vpFREE@yahoogroups.com, "mrdave2006" <dave.feuer@...> wrote:
--- In vpFREE@yahoogroups.com, "gooseed2004" <hicksed@> wrote:
> --- In vpFREE@yahoogroups.com, "mrdave2006" <dave.feuer@> wrote: