Having to cut staffing/overheads and selling the Crowne Plaza are enough for me to know that all's not well.
Printable View
Dosn't need to be private equities. What about a corporate raiders of old? The GPG's of this world??. Didn't they have a stack of cash from earlier capital raisings? Admittedly they have spent some on Tower and no doubt poured some into Coates. If I remember correctly Brierleys were involved with this at the beginning before selling out. Maybe there is some value to someone with the cashflows a casino business generates. But like you I agree it is more likely a future option once the management get it heading in the right direction
if it gets to 2.75 and our dollar drops after fridays numbers...yes this and fph and fpa could all be targets.....still plenty of money around ..it comes down to "I will only buy if its a steel"....like the housing market...and every other market ..then one day someone will blow the whistle and we will all be of to the races again...its just... who will blow the whistle.
If companies were willing to do the numbers on SKC at mid $4. Even though they decided against it, they must have really found something they didn't like to not reconsider at low $3