BUY BUY BUY and Thank Me Later.................

[Ricboff]

here are the 1 year WEEKLY charts;

CZR

MGM

LVS

WYNN

czr's chart is the worst, imo (short term) ; higher volume and breadth of the red candle remains long. MGM hasn't formed a lower low and an indecision candle and volume drying up...hmm . Keep in mind the anatomy of this weeks candles aint done as we still have Friday. Anyway, clearly the sector is on a downleg

food for thought

 

[festeringZit]

Zacks investment research is listing CZR as a strong sell.

Caesars Entertainment Corporation CZR is a provider of casino-entertainment and hospitality services. The Zacks Consensus Estimate for its current year earnings has been revised more than 100% downward over the last 30 days.

 

[festeringZit]

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BTW, I got out of the stock in January..

 

[dav168]

https://finance.yahoo.com/news/exclusive-eldorado-resorts-caesars-explore-230749967.html

 

[5teamparlay]

[FONT=&quot][h=1][/h]

<time class="datestamp" itemprop="datePublished" datetime="2019-03-18T06:44:19-0400" style="color: rgb(66, 72, 88); font-stretch: normal; font-size: 12px; line-height: normal; font-family: "Proxima Nova Semi Bold", Arial; margin: 0px 5px 0px 0px; white-space: nowrap; display: inline-block; padding: 5px 0px 0px;"></time>[FONT=&quot][/FONT]
[/FONT]
<article style="margin: 0px 10px; caret-color: rgb(76, 71, 68); color: rgb(76, 71, 68); font-family: "Proxima Nova Semi Bold"; font-size: 18.399999618530273px; -webkit-text-size-adjust: 100%;">U.S. casino operators Eldorado Resorts and Caesars Entertainment are in the early stages of exploring a merger, people familiar with the matter said on Sunday.
The deal talks come after Caesars agreed this month to give billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board seats to his representatives and a say on the selection of its next chief executive officer.
Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two companies, the sources said.

<iframe id="google_ads_iframe_/2620/nbcu.cnbc/businessnews/life/travel_0" title="3rd party ad content" name="google_ads_iframe_/2620/nbcu.cnbc/businessnews/life/travel_0" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" data-google-container-id="2" data-load-complete="true" style="border-width: 0px; vertical-align: bottom;"></iframe>



​

[FONT=&quot]Lonely Planet | Getty Images[/FONT]
Swimming pool at Caesars Palace. Las Vegas, Nevada.

Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialize or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential.
Caesars and Eldorado have market capitalizations of $5.4 billion and $3.6 billion, respectively. They also had debt piles of $9.1 billion and $3.3 billion, respectively, as of the end of December.
Caesars declined to comment, while Eldorado did not immediately respond to a request for comment.
The combination of Caesars and Eldorado would create a more formidable competitor to larger casino industry players, such as Las Vegas Sands, Wynn Resorts, and MGM Resorts International.
"The universe of buyers (for Caesars) is limited, and Eldorado is best suited to extract full value from Caesars' assets in our view," Roch Capital Partners analysts wrote in a March 6 research note.
Caesars, whose casinos include the Harrah's and Horseshoe brands, emerged from bankruptcy protection in 2017, after failing to cope with some $25 billion in debt. It had 53 properties in 14 U.S. states and five countries outside the United States, including the U.K., as of the end of December.
Eldorado owns and operates 26 properties in 12 U.S. states.
Last year, Caesars rejected a merger approach by Tilman Fertitta, the billionaire owner of Golden Nugget casinos. That deal would essentially have been structured as an acquisition by Caesars given its larger size. Fertitta has not submitted any new offer for Caesars this year, according to the sources.
Caesars has also said it is exploring strategic alternatives that could lead to some kind of transaction.
Icahn has been steadily raising his stake in Caesars in anticipation of a deal. Last week, he disclosed his stake had reached 17.8 percent, up from 9.8 percent when he clinched his deal over board seats with the company on March 1.



</article>

 

[fightgood]

Why is Icahn buying all that stock? Doesn't mean its going to skyrocket or anything. Could be for a lot of different reasons

 

[Bruins4Life]

What is the current price?

 

[festeringZit]

[ Man... you've got one financial firm saying strong sell, and another setting a price target 50% upwards... wtf ]

Caesars assumed with an Outperform at Credit Suisse Credit Suisse analyst Ben Combes assumed coverage of Caesars with an Outperform rating and $13 price target.

 

[festeringZit]

[FONT=&quot]Casino operator Caesars Entertainment Corporation [FONT=&quot]CZR 1.06%[/FONT] emerged from a 2017 bankruptcy to encompass the "best of both empires" — the Las Vegas Strip and regional gaming markets, according to Credit Suisse.[/FONT]
[h=3]The Analyst[/h][FONT=&quot]Credit Suisse's Cameron McKnight initiated coverage of Caesars Entertainment with an Outperform rating and $13 price target.[/FONT]
[h=3]The Thesis[/h][FONT=&quot]Caesars, one of the biggest domestic gaming operators, boasts eight Las Vegas properties that account for 55 percent of total EBITDA, McKnight said in the initiation note. (See his track record here.) [/FONT]
[FONT=&quot]The company's focus on renovating and reinvigorating "long-neglected" assets and focusing on prime center-Strip locations has resulted in market share gains in the region, the analyst said. The momentum expected to continue into 2020, as new convention space should drive incremental corporate bookings and share, he said. [/FONT]
[FONT=&quot]The regional market accounts for the remaining 45 percent of total EBITDA, and the segment is "steady as she goes," with revenues growing at a low-single digit rate, McKnight said. A steady and growing market has given the company an opportunity to significantly decrease its marketing spend from $994 million in the first half of 2017 to $907 million in the first half of 2018, a notable source of margin growth, he said. [/FONT]
[FONT=&quot]Caesars' strong position in Las Vegas and regional markets should help it generate a 7.5-percent EBITDA compounded annual growth rate through 2020, and the company can outperform rivals in both markets, according to Credit Suisse. The stock's discount to peers at 8 times 2019 EBITDA makes the stock an attractive investment, in the firm's view. [/FONT]
[FONT=&quot]Caesars Entertainment shares were trading up more than 1 percent at $9.95 at the time of publication Tuesday. [/FONT]

 

[LargeMarge]

Last line of that blurb says CZR was @9.95. Hasn’t been close to that lately. Pretty odd mistake to make.

 

[MotorCityMadman]

Last line of that blurb says CZR was @9.95. Hasn’t been close to that lately. Pretty odd mistake to make.

Oct 22, 2018

 

[In2Win]

Last line of that blurb says CZR was @9.95. Hasn’t been close to that lately. Pretty odd mistake to make.

Was sitting close to that a couple weeks back, had to sell some off at 9.93 to come up with some bank for something.

If i get some extra cash soon Ill probably buy back in if its still low and hold out

 

[Ricboff]

gettign interesting as the sector showing signs of life, en masse....


CZR

6 month daily

8 EMA

above the 8 EMA, real good. Friday's candle a higher high/higher low, good. Gotta break $9 , MUST defend $8, preferably hold $8.50. BIG volume day last Friday, think tommorow's candle forms yet another higher high/higher low. She's in a decision zone of $8.25 to $8.90 ish -- shall she make a decisive move?

 

[Ricboff]

gettign interesting as the sector showing signs of life, en masse....

YA THINK?? @) (see post #141 for the weekly charts). LVS , WYNN gapping up then nothing but buying. Tremendous weekly candles for the sector


czr- congrats to shareholder as she indeed may a decisive move and took out $9. Still above it 8 EMA (see above chart). HOWEVER, it formed a doji on Friday and volume is decreasing, AND SHE TESTED HER 200 SMA and could not break it, YET AGAIN (see below chart). Obviouly, the 200 SMA is a headwind. A break above it? a small village in the Congo will be ecstatic as they've gone all in......hopefully $9 is its new floor


CZR

6 month daily

200 SMA

 

[Recon792]

missed the whole runup for WYNN - -was waiting for the breakout too - -probably still has enough left in the
tank to get to 150 soon

 

[Michelangelo]

Yahoo is showing CZR as the most active stock as I type this.

9.40 +.35

 

[kidman232]

Caesars being put up for sale

 

[PatsFan1283]

Crazy how much control an activist investor can gain nowadays. Seems like Icahn basically runs this company from his estate.

If Tillman Fertitta buys then I assume it will be taken private?

He wouldn't even pay Trevor Ariza to keep the Rockets intact so I wouldn't expect too many good comps going forward!

 

[Ricboff]

YA THINK?? @) (see post #141 for the weekly charts). LVS , WYNN gapping up then nothing but buying. Tremendous weekly candles for the sector


czr- congrats to shareholder as she indeed may a decisive move and took out $9. Still above it 8 EMA (see above chart). HOWEVER, it formed a doji on Friday and volume is decreasing, AND SHE TESTED HER 200 SMA and could not break it, YET AGAIN (see below chart). Obviouly, the 200 SMA is a headwind. A break above it? a small village in the Congo will be ecstatic as they've gone all in......

congrats....they are having a MASSIVE party......

 

[tanner12oz]

Market looks tired..i made a deposit yesterday in the anticipation of a flush..seems to be just meandering around with a dip being the easier route