Caesars!!!

[MinnesotaFats]

https://www.cnbc.com/2019/02/14/caesars-jumps-on-report-carl-icahn-pushing-casino-operator-to-sell.html

News just broke

Ichan making moves

Had chance to sit w Loveman years back, interesting guy. Love Caesars!

[eaglesfan371]

I’d strongly avoid the casino industry on the buy side but I also don’t have Bloomberg in front of me. Seems like every casino is overestimating it’s expected EBITDA and underperforming. Read that all NY casinos are underwater and now reading that Caesars is underwater too. How in the world can one of the top 5 casino operators be so leveraged its underwater. What. The. Hell.

[MinnesotaFats]

Caesars just came out of Ch 11

Dumped billions of liabilities to unions off book

Split into RE holding company

I like their portfolio and lack of dependence on China

[mpaschal34]

Just not enough JJ’s in the world to support all these casinos.

[blackbox]

WELL when Caesars was Caesars when Terri Lanni was majority holder it was great. Then Harrahs bought it. Harrahs was great when it was known as Promus. They were m
majority owner of Paulsen. Paulsen made cards chips etc. long story gl guys fyi only