Rocking in AH
[COLOR=rgba(0, 0, 0, 0.619608)]Closed: Jun 6, 7:59 PM EDT · <g-link class="CVIh4c" style="color: rgba(0, 0, 0, 0.619608);">[COLOR=rgba(0, 0, 0, 0.619608)]Disclaimer[/COLOR]</g-link>[/COLOR]
[COLOR=rgba(0, 0, 0, 0.619608)]After hours 9.43 +0.30 (3.29%) minutes of [/COLOR]
[COLOR=rgba(0, 0, 0, 0.619608)]Closed: Jun 6, 7:59 PM EDT · <g-link class="CVIh4c" style="color: rgba(0, 0, 0, 0.619608);">[COLOR=rgba(0, 0, 0, 0.619608)]Disclaimer[/COLOR]</g-link>[/COLOR]
[COLOR=rgba(0, 0, 0, 0.619608)]After hours 9.43 +0.30 (3.29%) minutes of [/COLOR]
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.
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.
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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Everything went wrong
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.
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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Everything went wrong
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.
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...……….
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...……….
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 !!!!!!!!!!!!!
Hogs get slaughtered...………. Pigs Eat !!!!!!!!!!!!!
