Robert Weinstein

Wynn Resorts Shows Surprising Strength in Offering

Good article by the author.

I have been following LVS, and BYD for over a year and they are both slow along with the rest of Vegas.

I am long LVS and short BYD put options so I do not believe that either will file for BK. I also agree with the author that WYNN appears to be the strongest or at least one of the strongest casino stocks you will find out there.

Las Vegas Sands: Providing a Good Customer Experience

I have not noticed a change in air from MPS to Vegas over the past three or four years except maybe a little bit higher. The room rates are at the lowest levels I have seen since right after 9/11. Table stakes are somewhat lower. I have seen $10 craps and blaickjack at the Venetian which shows that they have small stakes available which also shows that they gaming is softer than perhaps two years ago. The crowd was thinner but still busy. It appeared to me that the staff level was neither too large or too small. I never had the impression that the Venetian was short staff compared to my other visits and the standard for Vegas. My most important question that I wanted to answer for myself was "does this appear to be ready to go under?" That question for me is a "no" and so I am a seller of put options and a buyer of stock. One read of my blog and its pretty clear that I am a hardcore shorter of stocks. Well over 90% of my trades are shorts so if I thought that LVS was about to fail I would be the first to short the stock. At this time I am comfortable with my 'bets' that LVS will not go under and stay under $5 per share. We already know Las Vegas is very good at separating customers from their money. I also believe that with the quality of management in Las Vegas that they will figure out what it takes to get the customer in the door. Detroit should take lessons on how to execute and build brand value.


On Jan 13 06:38 PM emperorsten wrote:

> What did all of this cost? Plane tixs, room, dinner? What were the
> stakes at the tables? Higher, Same or lower then usual? What was
> the crowd. American, Asian, Euro? Did places have enough people to
> service the crowd?

Bet on Buying Boyd

Interesting post. I do think the author is wrong in thinking that BYD is a buy. The problem as I see it is the author has not spent as much time on the property or in Las Vegas.

BYDs main property in Vegas and the second most important property are both off strip. This means that when Vegas catches a cold BYD gets pneumonia.

I wrote a post in my blog about how I walked a tour through the property about four times a day to see how they where fairing. It was not pretty. To fill rooms they are offering them at $25 weeknights and $50 Weekends.

As if that was not enough, City Center and other properties will be coming online in less than a year.

Also, applying TA to the stock its pretty clear what direction the weekly chart is in. Also this stock is under the 200 MA which also shows that money is moving out of this stock not into it.

I do feel that BYD could be a great buy at some point and maybe as early as 2009 but does not present a good risk to reward opportunity in my opinion for this trader.
(I wrote the same in another college post about the same stock. I think its good that the students are learning about stocks IMHO. I have no opinion if it should be posted on SA or not)

Positive Growth Outlook for Boyd Gaming Corporation

Interesting post. I do think the author is wrong in thinking that BYD is a buy. The problem as I see it is the author has not spent as much time on the property or in Las Vegas.

BYDs main property in Vegas and the second most important property are both off strip. This means that when Vegas catches a cold BYD gets pneumonia.

I wrote a post in my blog about how I walked a tour through the property about four times a day to see how they where fairing. It was not pretty. To fill rooms they are offering them at $25 weeknights and $50 Weekends.

As if that was not enough, City Center and other properties will be coming online in less than a year.

Also, applying TA to the stock its pretty clear what direction the weekly chart is in. Also this stock is under the 200 MA which also shows that money is moving out of this stock not into it.

I do feel that BYD could be a great buy at some point and maybe as early as 2009 but does not present a good risk to reward opportunity in my opinion for this trader.