What's your point? The welfare of employees or the deterioration in financial performance?
With respect to the latter, Maquarie's relatively bearish target (10.95) builds in some additional risk which can be adddressed/overcome and create a re-rate up over the next six months, I presume. Do you think CWN management will do nothing to improve/recover revenue levels?
Sydney commercial real estate is the country's best growth story over the next twelve months - according to BIS Shrapnel. Bodes well for the propertry spin off that crown shareholders will get preferential access to.
Higher US dollar means Crown will get more for their Las Vegas asset.
Meanwhile Crown is a long term growth story.
And don't we get well over a dollar in dividends over the next twelve months before Crown shares arrive at Maquarie's target of 10.95 (if Maquarie as opposed to more optimistic analysts, is correct).
Can't get myself to sell at this price.
With respect to Crown employees, Packer's process of pulling out of Macau may help the politics associated with helping those employees.
I am guessing you are short usc75. Hence your posting interest.
CWN Price at posting:
$11.13 Sentiment: Buy Disclosure: Held