Thursday, August 13, 2009

Whoa Nellie!!!! LVS rocks!!!!!

Who were the pikers that puked up MGM and LVS the last couple of days, only to eat some dust?

Now LVS has a change to its Macau covenants:

The amendment provides the company with important advantages, including the ability to sell a minority interest in its Macau operations, six quarters of covenant relief, and, subject to certain limitations, the ability to issue senior secured or unsecured notes in Macau. Additional details of the amendment are reflected in our Current Report on Form 8-K filed concurrently with this release.

And the stock ramps!!

And it drags MGM with it!


Anonymous said...

i'm curious why everyone thinks we're going to fall off a cliff after summer?

Palmoni said...

probably because they're not fully invested or they are still short!