Boz
Boz
Joined: Sep 22, 2011
  • Threads: 155
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February 12th, 2014 at 1:24:13 PM permalink
http://www.bloomberg.com/news/2014-02-10/caesars-entertainment-drops-on-reports-of-lazard-hiring.html

They need a miracle to stay out of Bankruptcy, yet keep spending money and finding banks to loan it to them.

Not sure why this stock stays at these levels.
s2dbaker
s2dbaker
Joined: Jun 10, 2010
  • Threads: 51
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March 3rd, 2014 at 7:15:52 PM permalink
Here's a short article about some of the details. I don't know how the stock stays at current levels either. Maybe a short squeeze?
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
Tomspur
Tomspur
Joined: Jul 12, 2013
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March 3rd, 2014 at 7:32:13 PM permalink
They did exactly the same thing last year when they re-packaged Planet Hollywood and the WSOP brand.....

Round and round and roud we go......
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
s2dbaker
s2dbaker
Joined: Jun 10, 2010
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March 3rd, 2014 at 7:57:22 PM permalink
Quote: Tomspur

They did exactly the same thing last year when they re-packaged Planet Hollywood and the WSOP brand.....

Round and round and roud we go......

They keep rearranging the deck chairs on this Titanic as is slowly sinks into oblivion.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
geoff
geoff
Joined: Feb 19, 2014
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March 3rd, 2014 at 8:07:32 PM permalink
Quote: s2dbaker

They keep rearranging the deck chairs on this Titanic as is slowly sinks into oblivion.


Their stock is up 50% on the year though. So long as the management knows they can cash out before the ice berg hits they just need to keep restructuring to make people think they know what they are doing.
teddys
teddys
Joined: Nov 14, 2009
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March 3rd, 2014 at 8:30:57 PM permalink
Does anyone understand their finance structure? As I understand it only a small portion of the company was sold as stock. Do they even file reports with the SEC?
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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March 3rd, 2014 at 8:44:28 PM permalink
Quote: teddys

Does anyone understand their finance structure? As I understand it only a small portion of the company was sold as stock. Do they even file reports with the SEC?



It's really oddly structured. I'm not sure I'd say that I understand it. But, they must file reports with the SEC. Their reports are available on Edgar, but I haven't looked through them in a few years.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
djatc
djatc
Joined: Jan 15, 2013
  • Threads: 83
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March 3rd, 2014 at 11:02:57 PM permalink
It was too bad it only moved from one company to it's subsidiary. I would love more independently owned casinos. Maybe more guys like Derek Stevens can buy CET properties and create more competition. Of course I just want more casinos to run more promotions.....
"Man Babes" #AxelFabulous

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