Hy
Wynns stock had great action this week after tues announcement that
earnings will be reported on Mon Aug 6, conference call at 2:pm , .
Stock ended up about the same price Fri as it had on Mon despite the
mini melt down of the overall market.
Volume was 80% above normal.
Heavy volume spikes all week when ever the stock had dips, go to
Yahoo finance & pull up the 5 day chart. some people wanted to sell
& some people were buying at every chance. SWEET!
for harry: most wall street analysts still dissing the stock though .
; )
Harrahs debt load can be serviced with about 45% to 50% of current
profit.
With the recent grab of casinos by private firms & Station Casinos
being taken private by the brothers,(their finance partners only get
equity if the brothers cant make payments, UNLIKELY. The share they
put up for fiancing will be returned when the notes are paid off. )
means that casinos stocks were & are CHEAP.
Station was taking private at close to the price it would take to
buy all of the raw land they own in vegas & reno grandfathered in
when the zoning laws were changed.
In other words they can double the number of casinos they operate
without buying any more land & without having to recieve "approval"
to do so. A fair price would have been $150 a share .
Congo
I got the joke, in fact i took it a little personal <g>. But sarcasm
& call back humor is wasted on the -----.
Remember you can only be critical of Mr Dancer on this board.
Everybody else is too "nice" or "saintly" or "wonderfull" or too
childish to be.
M J