Liked your analysis but I believe a substantial portion of the Wynn earnings came from the sale of the sub-license which will not repeat. The stock though is still interesting though.
With video poker opportunities evaporating, put some bankroll in casino stocks rather than playing a short pay machine and use the profits to play what's left of video poker for recreational purposes if you want.
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Liked your analysis but I believe a substantial portion of the
Wynn earnings came from the sale of the sub-license which will not
repeat. The stock though is still interesting though.
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900 million to be exact
the $ was used to retire & restructure debt so will still be
positive to the bottom line in the future, sort of like payin off
your house. Good catch thou, The Bear & Stearns analyst missed it.
In fact, the 10 analysts that cover Wynn have had it downgraded
since May with 1 exception, but that was only to "market performer".
Meanwhile went from $40-$50 to $100 in that time. Analyst are always
late to the party as their time horizon is month to month or quater
to quater never long term. Not their fault as their pay & bonuses
are tied to short term also.
Peter Lynch's book "Beating Wall Street" explains it very well. So
does Jim Kramer's books.
I hope they never upgrade it, but if they do I will be lookin for a
reason to sell!
--- In vpFREE@yahoogroups.com, kelso 1600 <kelso1600@...> wrote:
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With video poker opportunities evaporating, put some bankroll in
casino stocks rather than playing a short pay machine and use the
profits to play what's left of video poker for recreational purposes
if you want.
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Not to mention fatting up my retirement nest egg. : )
last earnings report was from 1 casino & 1 month of another, this
time next year 4 casinos reporting earnings. HMMMM.
Go to reno for excellent VP.
Great luck
M J
kit=improve&locale=en-US&source=wlmemailtaglinenov06
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