postcards from the florida republic: An independent and profitable state of mind. A quick note on a stopover as I speed up I-95 into the weird and wild American political pickle factory… I wanted to quickly discuss the state of market momentum. As I noted, we had a signal on Tuesday that told us the […]CZR
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What to Do About Market Momentum Today
postcards from the florida republic: An independent and profitable state of mind. A quick note on a stopover as I speed up I-95 into the weird and wild American political pickle factory… I wanted to quickly discuss the state of market momentum. As I noted, we had a signal on Tuesday that told us the […]Postcards: These Four Stocks Are Showing Real Momentum
Dear Old Friend, Greetings from somewhere over France. While I’m always game for financial adventure, I’m prone to technological mishap. Those Apple Store classes where they teach spry grandparents how to operate their smartphones? Those were likely designed for me… but I’m too stubborn to read an instruction manual or listen to a member of […]This Stock (Nasdaq: CZR) and Bond Play Just Got Better
The looters of Caesars Palace, whom we recently discussed, are having second thoughts...
On Monday, it was announced that Caesars Entertainment Corp. (Nasdaq: CZR) would acquire affiliate Caesars Acquisition Co. in a stock-for-stock merger.
The move will reassemble some of the pieces that were stolen by the company's private equity owners in an ill-advised attempt to restructure the company's debts on the backs of its creditors.
The merger will consolidate the company's stake in properties such as Planet Hollywood, Bally's Las Vegas, the new Horseshoe Casino in Baltimore, and its Internet gaming businesses with its flagship Caesars Palace property in Las Vegas.
A Surprising Profit Play from Troubled Caesars Stock (Nasdaq: CZR)
In an unstable economy, bond payment failures take on added import as bellwethers of ailing markets.
Especially when they involve large, well-known corporations.
On December 15, Caesars Entertainment failed to make a $225 million interest payment on its 10% Second Lien Notes due 2018.
Caesars has a 30-day grace period to make the payment or be declared in default.
On Friday, December 12, it was reported that negotiations with senior creditors regarding a debt restructuring had broken down.
This comes as no surprise to those of us who have been watching one of the ugliest situations in the debt markets unfold over the past couple of years.
But it does reveal a surprising buying opportunity...
Stock Market Close: GPRO Soars Again, While GM, DG, and CZR Run into Trouble
Stock market close, June 27, 2014: The Dow Jones Industrial Average today (Friday) was flat despite a rise in consumer sentiment. Next week, look for a heavy slate of economic reports, including the June unemployment report, factory orders, and the ISM manufacturing composite index.
Here’s the scorecard from Friday’s trading session, plus top news on GPRO, DG, GM, CZR, and more...