Sheldon Adelson, The Las Vegas Sands casino king stocks...

[steinhaug]

Ohh... We could read in the news today that Vanity Fair has accumulated a list of the biggest loosers of the stock marked crash now. And it was quite interesting, probably a coincidence, that the biggest looser of them all was after all.. In the casino business!

Old / Expired Link

He peaked at 27.5 billions, and now the wealth has shrunk by incredible 91% down to a 2.6 billion! Still a little left to get the business up and running, however looking at the list most people in the top have an average of around 60% loss. Imagine catching those lossses, what a rush!

He is not longer only the king of the casino, he is now king of loosers aswell!

Might I welcome him to hes own club - the loosers club! Hey mate, next drink is on me!

 

[NASHVEGAS]

I had posted this very hastily (even hit a wrong smiley-now will fix,LOL) on October 10th in a stock thread in the Political-Rant forum section. Not sure if it adds anything but look foward to reading the VF article in a few!!......Maybe they will remove my 86 now.

Las Vegas Sands was trading @ $148 less than a year ago...About 10 days ago, Sheldon had to put almost ~ $475 million of his own money in LVS to meet certain lender compliance terms, LOL, and cash flow needs...the stock was at ~$33 when Sheldon lent the half a bill, y-day stock closed @ ~$13...highly leveraged, can't borrow, Macau Cotai strip ???, visa restrictions hurting Macau, overall Vegas casino market worse than the public knows (one reporter just went to get a better grasp and best summarized by stating, everytime he set foot out the door, the first cab in line was his) but LVS's casino goldmine was always Macau....will Sheldon keep feeding what appears to be a dead horse?............Who could borrow the money to buy on the cheap, if it is actually on the cheap...will Sheldon put the rest of his dwindling billions in?, or there is always the potential and need for another GOVERNMENT BAILOUT

 

[steinhaug]

Ahh... For some reason I only post in this forum, but seems you are correct and I posted in the wrong one. What I didn't see in the article was if he accually sold out - and accually took the losses or of this are stocks that might rise again. I hate all theese stock related news lately with people "loosing" today and "earning" tomorrow, only to see they infact either loosed or gained anything as they never sold out...

The news media really love writing about this since they can use large headers and huge numbers which normal people have no grasp of understanding. Well - I guess theese people have the same feeling of their money as we do after 12 hours straight betting on a great run - only to increase the bets's and loose it all,

I found it a little humurous that the biggest looser, which I read as the one doing the biggest gambles, was infact in the gambling industry...

Anyway, I do not own any stock so I am not feeling any of the pain they are writing about - luckily!

 

[lots0]

Looks like it might be a buy opportunity...

Historically in hard times the Gambling business has aways done well.