Good reviews for HARRAHS based on taking over the WORLD SERIES OF POKER.
Also prasie for STATION CASINOS, the #1 locals group in Vegas.
Green Valley Ranch and Sunset Station, two STATION properties, are quite possibly my personal two favorite Vegas casinos.
Its wild that most tourists never see these outstanding casinos.
Also prasie for STATION CASINOS, the #1 locals group in Vegas.
Green Valley Ranch and Sunset Station, two STATION properties, are quite possibly my personal two favorite Vegas casinos.
Its wild that most tourists never see these outstanding casinos.
Gaming is such a specialized business, but often its treated like beginner camp. Used to be gaming wasn't very lucrative for banks or investors so they always put junior guys just getting their first shot at covering an industry. Now that some have made good scores in it there is a clear upgrade in talent, but I still know of 10 major analysts that border on clueless and don't seem to understand even the recent (3 year) history of the sector and how to use it to make some predictions.
Stock forum is mostly for day traders and very short term positions, at least when I have bothered reading it.
Jason Ader left Bear Stearns about 6 months ago, which in this industry is an eternity. He went to start up a hedge firm and isn't much of an influential player as many thought he would be. Two of the best analysts still with banks are Marc Falcone and Eric Hausler, both of whom were formerly at Bear as well under Jason. That team was a true powerhouse, since Jason left and the others streamed out after his departure Bear has become a mediocre team so pay little heed to what they say.
Jason Ader left Bear Stearns about 6 months ago, which in this industry is an eternity. He went to start up a hedge firm and isn't much of an influential player as many thought he would be. Two of the best analysts still with banks are Marc Falcone and Eric Hausler, both of whom were formerly at Bear as well under Jason. That team was a true powerhouse, since Jason left and the others streamed out after his departure Bear has become a mediocre team so pay little heed to what they say.
Jason Ader was no powerhouse, he consistently ranked near the bottom on roi. Further, his internet gambling stock picks tanked so bad it was pitiful.
He only made his claim to being a top analyst based on the wsj grading system, where info dissemination and hand holding customers received heavy weight.
He was good for the seminar circuit, and cnbc lightweights.
He only made his claim to being a top analyst based on the wsj grading system, where info dissemination and hand holding customers received heavy weight.
He was good for the seminar circuit, and cnbc lightweights.
ranked 11th out of 12 for picking stocks. but that doesn't do justice to his internet gaming stock picks, most of which are now bankrupt.
Of the companies that are covered now he best understands the industry. Don't pay attention to what analysts pick as stocks, you will never do well on those. Pay attention to what they say about the trends and the depth of their understanding of what issues are out there. Jason was second to none in doing that. The stock picks, despite all arguments to the contrary, are still driven by in-house concerns. Bear was heavily trying to earn some banking from the internet services. They still have analysts that write trash reports on the offshore and online industry. They had this guy Mike Tew who was did just a horrendous job on it, basically quoting the DOJ in many instances. Now you tell me, can you make a fair and unbiased report about offshore operations while going along with the DOJ insistence that the whole thing is illegal???
That's the difference between a tout and a capper.
Feel free to listen to Jason the tout all you want, if he truley knew the industry he could pick stocks.
Anyone who wants to recommend gaming stocks now is a bit late.
[This message was edited by megladon on February 03, 2004 at 04:37 PM.]
Feel free to listen to Jason the tout all you want, if he truley knew the industry he could pick stocks.
Anyone who wants to recommend gaming stocks now is a bit late.
[This message was edited by megladon on February 03, 2004 at 04:37 PM.]
Gaming stocks as a whole will be hard to make nice returns on, but I don't think they are going to tank necessarily. Some names might fall, but these stocks are essentially still decent numerical values. What drove the big runup was a migration to valuation instead of news. For the last decade, all gaming stocks just traded on news about opening of markets and new projects. It was all pure speculation. Now that the industry is so big and generates so much cash and profits, the stocks are starting to trade on normal valuation methods and not as much on where and when the next place to have slots will be.
So Bill, they might go up a bit or they might go down a bit? Is that what you're saying? some might be overvalued some not?
That's supposed to be an opinion?
"What drove the big runup was a migration to valuation instead of news."
You are saying the good news about the expansion of gaming jurisdiction caused a high valuation based on speculation, but now the current run up, a doubling of the index in a year, is a return to normal valuation methods.
You're confused, and your conclusion about the current valuation reasoning is just plain wrong.
Okay Bill? Please return to your advert-articles instead of trying to be an expert on this segment.
thank you.
That's supposed to be an opinion?
"What drove the big runup was a migration to valuation instead of news."
You are saying the good news about the expansion of gaming jurisdiction caused a high valuation based on speculation, but now the current run up, a doubling of the index in a year, is a return to normal valuation methods.
You're confused, and your conclusion about the current valuation reasoning is just plain wrong.
Okay Bill? Please return to your advert-articles instead of trying to be an expert on this segment.
thank you.
What makes you an expert??? I spend about 5 hours a day at work doing nothing but looking at the gaming market and the subsequent equity valuations on all the companies in this sector. I have met Jason Ader plenty of times, not to mention just about all the other analysts. One guy that consistently has the highest score on my company hasn't a clue about us. He just follows the pack and guesses. If you read his "advert-articles" you can see he just drops commonly spoken terms, but yet really doesn't get how they affect our business 1 or 2 years from now. The guy has never visited our facility, rarely calls to talk to us...he merely has a little bulldog that calls us up on conference calls to harass us and then follows that up with so-called research that puts him a little above the consensus. He has been lucky so far, want to bet that he can continue to do that?
I said the stocks will be hard to make nice returns on, the type that have been made since the aftermath of 9/11. That was completely in reference to your post showing the returns of the sector.
I said the stocks will be hard to make nice returns on, the type that have been made since the aftermath of 9/11. That was completely in reference to your post showing the returns of the sector.
