Top Bears Reasons To Sell — Vote below!

Add a New Bears Reason

Company: Las Vegas Sands (LVS)
Current price:
Headline: (100 character max)
Analysis:
Cancel
17%
agree
29 votes

  Casino's teetering with economy going down the drains

With the economy is going down the tubes, casino properties are being badly squeezed; publicly traded casino operators MGM Mirage and Las Vegas Sands are down 90% and 96% from their highs just 1 year ago! These things also look like they are already pricing in a severe recession - or even a depression - suggesting that investors are worried they will even be able to survive.

(100 character max) Cancel
22%
agree
36 votes

  Expansion plans are poorly timed

LVS is expanding by developing its Cotai Strip project in Macao,[1], building the Marina Bay Sands in Singapore,[1] and opening the Sands Bethlehem in May 2009.[2] As a result, the company is swimming in more than $10 billion in debt,[3] dealing with rapidly slowing economy, and facing an unforgiving credit market. LVS's expansion came too hard at the wrong time and will result in the crippling of this company.

(100 character max) Cancel
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki