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attilone

attilone
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  • Best Bet On Macau: Las Vegas Sands Or Wynn Resorts? [View article]
    If you want maximum leverage to the Macau story and if you feel brave enough for a small cap you cannot miss 296.HK, Emperor.
    It owns the controlling stake in one small casino who operates through a leased license. And there is no sell side coverage at all. So it does require some guts, but I think it deserves a lot of attention for the following reasons:
    1) trades at 4x PE... ridiculous... and div yield in the 10% area
    2) has cash on balance for 30% of the market cap...
    3) it's exposed only to mass market affluent Chinese and no junket business so even more profitable than the comparables
    4)current corporate structure looks not the most stable... developments could be either a takeout or a big investment into another small casino with a leased license to deploy the cash and grow earning big
    5)Jackie Chan the actor is the minority holder if the casino
    Nov 1 05:15 PM | 1 Like Like |Link to Comment
  • Coach - No Longer A Fashionable Stock [View article]
    where did you find the sliedes? i don't manage to find them on the IR site?
    Oct 30 08:59 AM | Likes Like |Link to Comment
  • Third Point Reinsurance: Tax-Efficient Structure And Superior Management [View article]
    does anybody know which fee structure does mr Loeb charge to the money coming from TPRE? is it the usual 2-20 or is he giving a discount given the "permanent" nature of such capital?
    Oct 6 03:08 PM | Likes Like |Link to Comment
  • 1.5x P/E For A World Leader With Stable Cost+ Biz, High FCF Generation, 24% ROE [View instapost]
    great idea!
    the only problem i see is how to access indian listed stock! not an easy one!
    Nov 26 01:59 AM | Likes Like |Link to Comment
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