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Avoid the 'Group Think' on Melco-Crown

I apologize sir, I was referring to a $10,000,000 cash infusion that was deferred from Q1. I missed a few 000's.

Avoid the 'Group Think' on Melco-Crown

Mr. Waddell, you present plenty of reasons to own MPEL, but have failed to write a fair, or even somewhat balanced piece.

You speculate as to why the price per share of MPEL is so low, and can only come up with Visa restrictions, and a luckluster gaming sector. Could it have anything to do with the fact that MPEL recently reported a loss when a profit was expected? Or that analysts earnings estimates for the year have come down by over 60% from initial estimates?

What are you thoughts on management missteps since day 1? Are you aware that Q2 was improperly inflated by over $10,000usd, as the result of an accounting method being utilized?

If you write any future articles on any of your positions, I would reccomend doing a piece that is at least a little less one sided.