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Too much other chatter in this thread non related to the topic at hand.

News should be coming out soon regarding the deal combining CZR and El Dorado Resorts. Should see a lot of action tomorrow...…...
 

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Too much other chatter in this thread non related to the topic at hand.

News should be coming out soon regarding the deal combining CZR and El Dorado Resorts. Should see a lot of action tomorrow...…...

I own both. ERI looks like its going to go over $50 finally. Bruce said to buy that one @ $7 in the finance thread. CZR has been solid too
 

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heavy trading day. Not the pop I expected but there is a lot of talk that Carl may nix the deal. Be careful.....
 

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WEYL is on a huge runout the last 3 days. PRED as well. Both stocks Bruce recommended as well.
 

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Yes to hold.

This remains a long term play for me. With that said if a buyout materializes at say $10.50 the stock may want to push itself to $11 to get a better price. At that point it would be time to raise the flag and cash in with two fists.

There's a huge pay day coming and even though I recommended at $8.20 and we are over $9.50 it's not time as of yet.

The deal could get nixed. Carl may not have to do it, the El Dorado shareholders may do it for him. In any event this one isn't nearly over yet.
 

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Thanks a lot. Would it make sense to put in a sell order at 11? Don't know too much about it so want to get out at the right time if you recommend to do so. Any other short or long term recommendations? Thanks a lot.
 

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Bloomberg) -- Eldorado Resorts Inc. agreed to buy Caesars Entertainment Corp. for about $8.7 billion in cash and stock, according to a person familiar with the situation.


The deal values Caesars at about $13 a share, according to the person, who asked not to be identified because the information isn’t public. Including assumed Caesars debt, the transaction would be valued at about $18 billion. The combined entity will be split almost equally between shareholders of both companies, the person said, adding that the deal will be announced Monday.


The price represents a 30% premium to Caesars’s close on Friday. Eldorado had a market value of about $4 billion as of Friday.


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Caesars had been pushed by activist billionaire Carl Icahn, its biggest shareholder according to data compiled by Bloomberg, to consider a sale. Earlier discussions had focused on a deal that would have valued Caesars at $11 a share, a person familiar with those talks had said.


Eldorado shares have risen 17% in the past year, compared with a 12% decline in Caesars’ stock. The S&P Supercomposite Casinos & Gaming Index, which tracks the performance of nine stocks including the two companies, slumped about 20%.


Caesars shares are trading at 24 times reported earnings, while Eldorado is valued at 33 times, according to data compiled by Bloomberg.
 

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Thanks for posting this HP! I bought in at 7.75 and just sold off at 11.40.
 

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TIME TO RING THE REGISTER !!!!!!!!!!!!!

If you waited patiently and listened to me, today is the day the profits rolled in.

SELL SELL SELL and enjoy your massive profits !!!!!

If for some reason it goes higher, who cares, you locked in a huge windfall...…………

I sold out at $11.70 and would've been here earlier, but I had some folks to call to wake them up to sell...……….
 

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One thing if you want to hold and get the $12.75 price which is basically $8.40 and nearly 9/10 of a share of Eldorado per share that you own, historically after a deal like this the acquirer goes down. It won't be worth it. You can hold a day or two and try to get a few cents more but why?

Hogs get slaughtered...………. Pigs Eat !!!!!!!!!!!!!
 

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Thanks a lot. At 11.48 now. May see if it hits 11.60 and hit the road. Awesome call.
 

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