Seeking Alpha

Shakeup at Sands China

  • Sands China (LVS) says David Sisk resigned.
  • The former COO was in a power struggle with other top execs over who was at the top of the succession line for the CEO job.
Comments (4)
  • User 12191631
    , contributor
    Comment (1) | Send Message
     
    When is this stock going to break out and go over $100. a share , I can not understand why not . they are making nothing but money especially in Macau to the tune of billions , so what is holding it back !!!!! just a little note Wynn resort passed a $100. a share 2 years ago and LVS is supposed to be the better of the 2 casino's . Please correct me if I am wrong , N J M . a share holder
    3 Sep 2013, 08:52 AM Reply Like
  • TFCAB
    , contributor
    Comments (1977) | Send Message
     
    USER - I hear you. I am long LVS big time and have been frustrated like yourself at the lack of momentum. Everything is pointing north except the shareprice. The only thing i can think of is the seemingly constant overhang of negative PR the company attracts. DOJ investigations, lawsuits from ex-employees, etc. Hopefully with those matters put to bed LVS can launch.
    3 Sep 2013, 09:09 AM Reply Like
  • MtSmalls
    , contributor
    Comments (17) | Send Message
     
    LVS probably won't break $100 for at least 2 years, basic math will tell you why.

     

    LVS has more than 800 million shares outstanding, WYNN just over 100 million.

     

    Wynn is currently trading around 20x the median analyst estimate for 2014, LVS at 17x. Even giving LVS the same multiple as Wynn would put LVS at about $68. 20x the highest analyst estimate for 2014 would still leave it at $82.60.

     

    To break $100, (which it hasn't seen since late 2007) Adelson would have to implement a massive buyback to reduce the number of shares outstanding, and even then it might at least another year...
    3 Sep 2013, 02:11 PM Reply Like
  • freeman8201
    , contributor
    Comments (624) | Send Message
     
    yes I agree with Mtsmalls, lvs has too many outstanding shares.
    3 Sep 2013, 06:53 PM Reply Like
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