Well. Let's see. They have 2 billion in cash, plus an additional half a billion in new profit as a result of cost cutting. In addition, they have a new casino opening in May which will be generating more cash, and they have another one opening at the end of the year in Singapore that will be adding to the bottom line as well. The fact that this stock is heavily shorted makes this play even better. When it starts making a significant move to the upside .... watch out.
IIRC these casinos have a debt schedule of something like $1b every year for quite a while, you are expecting a refi?
The best way to play potential bankruptcies is usually in the bonds, not stock, of the potential bankruptcy candidate.
Supposedly LVS is going to buy back $800 million in term loans. In regards to the bankruptcy comments, I don't believe this company is anywhere near that level.
what is the earliest that someone would hear that news, and with what news product? just doing a quick check of scottrade DJ newsfeed (admittedly not a professional level product) I see that news hit the wires at 2:54pm, after the move in the stock had already happened by the way Baron, what is your target price? I'm thinking of getting in but waiting for pullback
Not sure, but keep in mind that this is a heavily shorted stock, so it won't take much good news (or rumors) to send it higher quickly.