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$12.09 crown resorts limited

What is going on ??, page-47

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cutlass

39 Posts.

02/10/15

14:31

Post #: 16105387
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Originally posted by tdrago ↑

I have been looking at CWN for some time and at these levels it has caught my attention.. key points are:

For Macau operations

Macau revenue declining and it continues... (government crackdown on corruption, smoking bands)
Sediment for China growth is down ... pointing to less gambling money..
Junket operator was taken for a large substantial of money .. effecting VIP credit hence revenues
All this when opening new casino/and expanding ...

For Australian operations

Concerns are also on GDP effecting revenue whilst in the midst of developments

Technically

Simply falling knife scenario

My opinion

The strategy is great.. Chinese love to gamble, they are becoming wealthier, they will gamble more in China and Australia in a longer term view

In short term I would be trying to work out the value of the Aussie operations and discount Macau heavily and come to a figure as a entry point..

If I was a holder .. i would not sell as it will be a great company in long term ..

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Wynn's Macau up +9% today, other casinos up +7%

CWN Price at posting: $10.41 Sentiment: Hold Disclosure: Held
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0 Great analysis

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