Seeking Alpha

Sterne Agee warns revenue in Macau may only grow 1% in February instead of the double-digit pace...

Sterne Agee warns revenue in Macau may only grow 1% in February instead of the double-digit pace expected by some analysts, although its keeps a positive stance on the Macau gaming sector for the long term. A crackdown on the VIP segment may only be a blip on the radar, according to the firm. Gaming companies with ties to the region are down premarket as initial reports on Chinese New Year gaming activity are disappointing. MPEL -2.2%, WYNN -1.8%, LVS -2.2%.
Comments (13)
  • TFCAB
    , contributor
    Comments (1942) | Send Message
     
    thanks for the good news.....uggggg.
    1% growth in Macau equivalent to a full-blown recession in China. I doubt we have that.....will believe it when i see it.......long LVS
    19 Feb 2013, 09:46 AM Reply Like
  • Mbat
    , contributor
    Comments (7) | Send Message
     
    The Chinese celebrated te Chinese New Year in February. So it is already positive news for the stock
    19 Feb 2013, 01:39 PM Reply Like
  • Dennis J.
    , contributor
    Comments (23) | Send Message
     
    Sterne Agee WHO!!!!!!!!!!!!!! Again old News!!!!!!!!!!!!!!
    19 Feb 2013, 10:23 AM Reply Like
  • madbcolumbus
    , contributor
    Comments (117) | Send Message
     
    this is ridiculous! so they think its revenue is only up 1% mean while macau tourism said total visitor growth was 22% y/y.
    19 Feb 2013, 10:41 AM Reply Like
  • mbablitz
    , contributor
    Comments (28) | Send Message
     
    I don't trust these analysts. They have be warning about some problem in China for 3 years. First, it was a visa restriction crackdown; then it was a hard landing for the China economy; and now, it's a crackdown on Triads.

     

    All that crackdown means is junket operators must complete registration requirements. Somehow that morphed into a VIP crackdown. It's a crackdown on illegal gaming entities. The Triads.

     

    IMO, LVS, WYNN, and MGM do not do business with illegal operators. They can't or they would lose all their licenses, there and here. They would risk billions to make millions. They will not risk that.

     

    It seems there is always some new rumor that drops the Macau gaming stocks allowing the big boys to get their clients in at cheaper prices... I would say, instead of rumors, a better metric to use is for VIP growth predictions is China's GDP. It seems to track together.
    19 Feb 2013, 10:54 AM Reply Like
  • JJJANE
    , contributor
    Comments (7) | Send Message
     
    I agree with the above..... actually more high end mass market players probably provides LVS with higher profits since they do not have to split the profits with the Junkets !
    19 Feb 2013, 12:37 PM Reply Like
  • eschweinsb
    , contributor
    Comments (11) | Send Message
     
    I am so tired of this. I am really what you call a long term holder of LVS. I have to say, I could have accomplished my initial goal (and then some) owning LVS (since late 2008/early 2009) had I sold it everytime it hit a high, and bought it back after it dropped. I'm always afraid if I sell, i'll miss an up side. Cramer has a name for that. (It's down about $4/$5 now from it's recent high.) It's been going down for several straight sessions and on the same old news, over and over. What does my husband say: When they are telling you to buy, they're selling, and vice versa. I would love someone's comments on why Wynn trades so much higher. Their low in 08/09 was about $20. It rode up about $170 a share a long time ago, and has been riding the $120s for awhile. LVS hit $62. Why is Wynn held is such high regard and LVS gets no respect? Could it be the owner? Wynn doesn't own half the property.
    19 Feb 2013, 01:07 PM Reply Like
  • madbcolumbus
    , contributor
    Comments (117) | Send Message
     
    i'm with you ESCH. LVS has been stuck in this range for over a year. they have various reports on how they will benefit from Macau only to have some analyst ruin the party with his guess that revenue maybe be only upo 1% on the first 17 days of Feb?! LVS is always down more, percentage wise than any other gaming stocks except MPEL. Just last wednesday the stock traded above 55 in a matter of minutes it dropped right back down and is now trading close to 51. definitely getting very frustrated.
    19 Feb 2013, 01:40 PM Reply Like
  • eschweinsb
    , contributor
    Comments (11) | Send Message
     
    Thanks for your reply. I'm frustrated too. After owning LVS this long, I'm wondering if it will ever get to those high prices that have been set by Alpha. It seems to rise on earnings, then drop, drop, drop afterward. I'm not sure there is an answer to drive this stock up where it should be, which I think what Wynn is at. I don't get it!
    19 Feb 2013, 03:55 PM Reply Like
  • oilyolin1
    , contributor
    Comments (150) | Send Message
     
    Stern Who is right.They b.s. along with the rest of these banksters and think they can panic the herd of sheeples to get lower the stock price and buy in. Maccau is a screaming buy for all. What a crock these wallstreet crooks stir.
    19 Feb 2013, 02:26 PM Reply Like
  • larocco48
    , contributor
    Comments (4) | Send Message
     
    Most companies would "die" to have the y/y increases in revenue that LVS recently reported and continue to realize !! Didn't they report a
    48% increase in yearly earnings. What about the money LVS earns
    operating their casino in Singapore ? And the high-speed train from
    Beijing that will now bring middle income Chinese to Macau to both
    recreate and gamble. Are these facts not relevant or am I missing
    something here ? I too am frustrated with the stagnant performance
    of the LVS share price in the midst of such facts and positive ratings!!
    20 Feb 2013, 08:56 AM Reply Like
  • madbcolumbus
    , contributor
    Comments (117) | Send Message
     
    LVS has been down ever since it reported earnings. it's a bit oversold now?
    20 Feb 2013, 10:13 AM Reply Like
  • madbcolumbus
    , contributor
    Comments (117) | Send Message
     
    Is it that bad in Macau? Do they know something I don't? This stock just hit 55 last Wednesday.
    20 Feb 2013, 03:10 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|