(Bad) sign of things to come for Vegas? Surprised that Adelson would want to sell basically at the lows; things must be looking pretty bleak on the Strip to consider dumping Las Vegas.
REAL ESTATE
News Wire
Company News
Investing 17m ago
Adelson’s Las Vegas Sands Exploring $6 Billion Sale of Vegas Casinos Gillian Tan and Christopher Palmeri, Bloomberg News
Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. , Bloomberg
(Bloomberg) -- Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca.
The casino operator is working with an adviser to solicit interest from potential suitors, and may fetch $6 billion or more for its Vegas properties, said the people, who asked to not be identified because the talks are private.
The portfolio includes the Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo.
A representative for the company confirmed it was in very early discussions about a sale and that nothing has been finalized.
A sale would result in Adelson, one of the world’s richest men, exiting the U.S., with his remaining casino assets concentrated in Macau and Singapore.
Adelson is chairman, chief executive officer and a majority shareholder of Las Vegas Sands, which has a market value of $37.5 billion.
The stock rose as high as 12% in after-hours trading Monday, after Bloomberg reported on the news of the deal. The stock had closed down 3.1% to $49.13.
https://www.bnnbloomberg.ca/adelson-s-las-vegas-sands-exploring-6-billion-sale-of-vegas-casinos-1.1513344

Wynn Resorts (NASDAQ:WYNN) reported quarterly losses of $(6.14) per share which missed the analyst consensus estimate of $(4.98) by 23.29 percent. This is a 526.39 percent decrease over earnings of $1.44 per share from the same period last year. The company reported quarterly sales of $85.70 million which missed the analyst consensus estimate of $212.17 million by 59.61 percent. This is a 94.83 percent decrease over sales of $1.66 billion the same period last year.

Sir, this is (Literally) a Casino. This is not Advice DO YOUR OWN DD
What do WSB and LVS have in common- Autists trying to make cash and make it quick.
Now, the pandemic has slowed down Casino’s of the like due to social distance measures and lack of tourism. LVS has casinos all over the world from Vegas, to Macao to Singapore. They’ve been hit hard but there is a light of hope. Because, regardless of a recession, depression or a pandemic people will always gamble. They've got no money? They will find $10 and hope it turns into a $100.
Here we go, let's get horns-
Prelude- This is the company that owns that Huge Building in Singapore shaped like a cruise ship in the sky and charged me $40 for a bottle of water with dinner.
#1 MGM was upgraded but research houses reduced Las Vegas Sands due to their Asia exposure?
I am sorry, what? Have you seen Asia? They are literally throwing festivals in China, Japan, Singapore and Australia etc. If you have ever been to a Asian country you will find that they love to Drink, Smoke and Gamble. I feel if you are going into a Casino/gambling company you NEED Asian Exposure. I could continue for many points on Asian casino’s but I’d lose concentration.
#2- Dr Michael Burry, He is at it again, its no lie, I love him. He only has 2% of his portfolio invested in LVS but hey, he only had 4.3% in the stock that mustn't be named.
Side note- Burry tweeted during the Superbowl about Covid 19 becoming an Endemic and wonders when markets will realise this. This seems Bullish to me. But my smooth Brain could be wrong
#3 The House Always wins. People are going to come back, business will boom again and people are going to bet harder than they have before and the house always wins.
#4 Hotels, Dining, Entertainment, Conventions and Exhibitions will all be sort after activities.
Sands have a finger in each of these pies.
#5 Online Casinos- there’s been rumors about them moving into deals with online casinos- which could future proof anything along the lines of this pandemic again as well as increasing their reach to a digital level. In fact, they have targeted 888 Holdings.
https://www.casino.org/news/las-vegas-sands-could-make-run-at-888-holdings-to-move-into-igaming/
#6 Investing in themselves They aren’t afraid to spend money- they're about to invest another $10b into Macau. Quote from earnings call-
· “When the Macanese government makes its decision I think we will continue upon a rather solid capital investment which I know is how Sheldon felt, to grab that opportunity with both hands.”
· “There is just no place like Macau [and] we’re not done in Macau. We’re going to be there for many more years.
· “When all this goes away, I bet one thing that will happen is the Macau government is going to necessitate that licensees make investments in Macau and we want to be there and be ready.”
· Noting that LVS is already in the midst of a US$3.3 billion expansion of its Marina Bay Sands property in Singapore, Goldstein observed, “These are not small investments, they are in the billions of dollars, so we have to be prepared for outside investments in our best markets, which are Macau and Singapore for crazy growth.”
#7 Numbers
· Earnings forecast to grow 88% vs 70% industry/20% market
· Volatility over the past 3 months has been low compared to rest of market.
· Forecast to become profitable over the next 3 years
· Revenue forecast to grow 33% per year- which is 3 times faster than the US Market (10.6%)
· ROE forecast at 47%
Numbers are from SimplyWallSt.com
This isn’t advice, please do your own DD.
Inb4 “Ok Boomer” Still on the pokemon train
TLDR
· House always wins
· Dr Burry
· Asia most likely to be back to normal before the US
· Hotels, Casinos, Entertainment, Dining will continue to go off in Asia
· Online Casino’s partnership/acquisitions
· They are seeking growth and lots of it.
Positon- 180 Shares

MGM Puts - any strike price (I'm going for ~$12), any expiration. It's insane for a few reasons:

1. People haven't been inside casinos for months. Chances are, they are realizing that staying home and gambling on Robinhood (instead of at Casinos) have a higher probability of being more profitable. Gambling addictions (I imagine) have decreased rapidly.
2. People are still not traveling a lot. Maybe going out in their hometown, but not that interested in going somewhere to party and gamble.
3. Casinos have implemented mask policies. A lot of loyal customers are pissed about this, and are boycotting unless they can go without wearing a mask (not gonna happen anytime soon).
4. Gambling is going to go into oversupply. State governments are going to liberalize gaming laws to generate revenue, and more players are going to come in.
5. Who tf is going to go to an in-person convention with COVID?
6. Earnings coming up. Love a good earnings play when they have not been open for most of the quarter.
7. Current price is way too high.

Macau resorts make up the majority of these stocks revenue. Literal smooth brains buying this premarket. I don’t know who they think is going to travel to Macau for gambling lmao. Governments are restricting travel there anyways.
90% drop in rev - https://www.reuters.com/article/us-macau-revenues/macaus-gaming-revenues-tumble-87-8-in-february-over-coronavirus-impact-idUSKBN20O1HH?il=0
Also, Hong Kong is the closest major city to Macau and now has 100 cases.
Good time to load up on puts at the open.

Why not try slot machines online? It is a good way to increase your earnings, with minimum effort required from your part. You can play anytime of the day or night - you just need a computer that has an internet connection. You are sure to find a wide range of slot machines that give you excellent jackpots and bonuses. However, you should be careful when choosing a machine. This will help you increase your chances of winning big and getting loads of free money.
Start sampling various sites and then you are sure to pick the best offers from the best providers. You want to rely on an experienced slot cq9 broker (agent slot cq9), proving an easy means of earning good cash online. Playing slot cq9 at home or even at work, would make you more relaxed. You can start by simply sampling a variety of sites offering both progressive and non-progressive slot games. You would find, which is a great thing for sure when playing slot cq9 online.
Playing slot cq9 online with different casino games would increase your chances of winning big. The different online casino games that you can play include online blackjack, bingo, video poker, craps, roulette, instant lotto, keno and many more. You do not have to worry about the rules of these different casino games while playing online. You simply have to focus on your luck while waiting for your turn in the casino. You might also want to read online reviews for slot cq9 before playing with real money.
If you are interested to play slot cq9 online, but not having access to UK casinos, then the internet offers you other options as well. In fact, there are several internet casinos offering you this option. But what you should be aware of is that the availability of slot online tercaya terra is dependent upon the availability of the Macau slot machine. As of now, only a few reliable casinos are offering this option, which includes the eCarmel, Fairlay, MegaNet and the Slotsports. But it is worth to note that despite the presence of Macau casinos offering this option, the slot cq9 machines in Macau remain out of reach of the common people, especially the Asian ones.
Online gambling is gaining a lot of popularity, especially in the areas where people are not allowed to indulge in the traditional gambling. For instance, in Singapore, there are only a few places where people are allowed to play the slot game like the local hawker centres, as well as the arcades, or even the golf clubs. But the sudden upsurge in the demand of slot games has made the internet one of the best options to start sampling different types of gaming. As such, today, the internet is one of the best ways to find out more about this exciting gaming option.
In addition to slot games, you can also find out more about this exciting gaming option through the internet, through blogs and through the various discussion boards. You can even start sampling the different internet casino sites. But if you want to get real good leads on any particular slot cq9 site, then you should make sure that the reviews on any of these sites are from the leading and experienced bloggers and internet gamblers. The presence of these reviewers will help you get a clear insight on the reliability and the safety of the particular slot site. This will also help you get good leads on the particular site, so that you can try out the slot games and get a fun and rewarding experience.

MGM Resorts is a holding company operating through its subsidiaries which own and run integrated casinos, hotels, and entertainment resorts across the United States and in Macau.

Revenue Streams

MGM drives its revenue in the following 3 segments:

• Las Vegas Strip Resorts (Resorts located in Las Vegas): 48%
  
• Regional Operations (Resorts located in other parts of the U.S.): 29%
  
• MGM China (Resorts located in Macau): 23%
  

More than 50% of domestic revenue is driven by non-gaming operations. The revenue model differs greatly between the Las Vegas and Regional Operations. In Las Vegas, non-casino revenue leads casino revenue 3:1 while in regional segment this relationship is the opposite. In China, both segments are about the same.

Finaniclas

MGM has kept consistent revenue at ~$10B over the past decade. While the operating cash flow has shown consistent growth, the company was losing money between 2012 and 2015. While the company runs with a manageable Debt to Equity (D/E) ratio of 1.67, the interest rates consume the entire 10% of the company's revenue - a costly expenditure that shows itself big at a time like now - COVID. This year, the business is generating 30% of what it did in the past on average.
While the company pays a considerable 3% dividend, the management shows great inconsistency in its share repurchasing plan, moving up and down from year to year with an overall uptrend.
Please review these consolidated financials for additional information.

Pricing

This portfolio tracks MGM's performance in the past year alongside its major public competitors. Evidently, MGM's stock price has rebounded since the COVID to its earlier levels, despite financial downturn and significant upcoming annual losses.
The company trades at 57% its tangible assets, the best ratio among its competitors. Its current PE is 7.78 against its last year's earnings - the all time low of the past decade. However, given the unreliable nature of MGM's income, this metric is less meaningful than its price to tangibles, which I consider to be attractive.
Putting it all together, the company is taking a 70% cut on its revenue this year with respective effects on its balance sheet, major throw back on the income and immediate financing arrangements while the stock is trading at the pre-COVID levels. The future is most certainly uncertain, which makes the pricing undeterminable.

Conclusion

MGM is one of the key players in the resort business with somewhat attractive financials and possibly fair pricing. However, nothing in particular stands out to me about this stock at present time. The uncertainty of the future and fully rebound stock price, one the other hand, make it a hard no for me.
Thanks for reading!
Checkout vitddnv's page for more.

As you may have heard Macau shut down all casinos for 2 weeks. 70% of WYNN revenue comes out of Macau. Prior to this, Macau government tourism office reported a 75% decrease in mainland tourists for the first 4 days of the Lunar New Year compared to 2019. Mainland tourists made up 70% of visitors in 2019, and I’d have to assume there’s been massive drops in international tourists as well since many airlines have cancelled all flights or cut back on flights to China.
Their earnings are Thursday after hours. These events won’t affect this quarter, but Will have a huge impact on outlook. Today the stock is up 4.5%.

Pre Market Brief for Friday July 24th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Morning Research and Trading Prep Tool Kit
The Ultimate Quick Resource For the Amateur Trader.
Updated as of 3:30 AM EST
-----------------------------------------------
Stock Futures:

• Pre-Market Trading
• China’s Shenzhen stocks dive more than 3% as U.S.-China tensions flare
• China markets extend losses, Shenzhen stocks dive 5% as U.S.-China tensions flare
• European stocks set for lower open as U.S-China tensions weigh on sentiment
• Stock market news live updates: Stock futures flat after Tesla, Microsoft earnings; eyes on stimulus
• Stock futures are flat after Thursday’s sharp sell-off
• 15 Stocks Moving In Thursday's After-Hours Session

Thursday 07/23/2020 News and Markets Recap:

• Pre Market Brief for 07/23/2020
• Market Recap
• Dow sinks as Microsoft, Apple fall while gold hits record

Friday July 24th 2020 Economic Calendar (All times are Eastern)
(Home Sales and Oil Rig Count Today)

• 09:45 AM Markit Manufacturing PMI Flash JUL
• 09:45 AM Markit Composite PMI Flash JUL
• 09:45 AM Markit Services PMI Flash JUL
• 10:00 AM New Home Sales MoM JUN
• 10:00 AM New Home Sales JUN
• 01:00 PM Baker Hughes Total Rig Count 24/JUL
• 01:00 PM Baker Hughes Oil Rig Count 24/JUL

News Heading into Friday July 24th 2020
NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.

• China tells US to close consulate in Chengdu in growing spat
• CSTR ($10.90) CapStar Financial Holdings and Gaylon Lawrence Announce Collaborative Agreement
• IO) ($2.85) ION announces first 3D multi-client program in Mauritania
• BKYI ($0.67) Identity, Security and Access Management Solutions Provider BIO-key Completes $24.8 Million Public Offering
• DXC ENGIE IT Teams with DXC Technology and ServiceNow to Launch Certified Global Center of Excellence
• MARA ($0.99) Marathon Patent Group Announces Pricing of $6.0 Million Upsized Underwritten Public Offering of Common Stock
• APM ($3.66) Aptorum Group Becomes the First Nasdaq Listed Biopharmaceutical Company Admitted to Trading on Euronext Paris Stock Exchange Under the Ticker Symbol APM
• OCX Oncocyte to Hold KOL Webinar Showcasing New Data and Real World Usage of DetermaRx™
• RDUS ($13.90) Menarini Group and Radius Health Announce Global License Agreement for the Development and Commercialization of Elacestrant
• THTX ($3.19) Theratechnologies Reports That Tesamorelin Improves Liver Health
• UXIN ($1.42) Uxin Reports Unaudited Financial Results for the Transition Period from January 1 to March 31, 2020
• BIOL ($0.45) reported (3) new insider trades (acquisitions) to the SEC
• ENLC ($2.54) EnLink Midstream to Participate in Investor Conference
• PSTV ($2,46) Plus Therapeutics to Present at the YAFO Access China Partnering Conference on July 30, 2020
• BTE ($0.52) Baytex Conference Call and Webcast on Second Quarter 2020 Results to be Held on July 30, 2020
• HEXO ($0.73) HEXO vapes now available across Canada
• GWGH ($6.76) reported 6 new insider trades to the SEC
• RPAY ($22.86) REPAY acquires accounts payable automation provider cPayPlus
• HCM Chi-Med on go with study of HMPL-306 in blood cancer in China
• GEN ($0.82) Eight Genesis HealthCare Facilities Receive New American Heart Association Post-Acute Care Heart Failure Center Certification
• HCM ($26.55) Chi-Med Initiates a Phase I Trial of IDH1/2 Dual Inhibitor in Patients with Hematological Malignancies in China
• RHNO Coal Miner Rhino Resource Files for Chapter 11 Bankruptcy
• MGEN miRagen Therapeutics up 39% on Orphan Drug tag for Cobomarsen in blood cancer
• BA Big U.S. Boeing customers want the 737 MAX but say contracts need re-set
• KOSS ($1.80) reported 4 new insider trades (acquisitions) to the SEC
• WMT Walmart turns up health moves with plans for six more Atlanta clinics
• NVCN ($2.52) Neovsac partially prepays convertible debenture
• TGI ($7.77) Triumph Group to Webcast First Quarter Fiscal Year 2021 Earnings Conference Call
• MYOK MyoKardia's mavacamten nabs accelerated review in U.S. for thickened heart muscle disorder
• NVAX Novavax and FUJIFILM Diosynth Biotechnologies Initiate Large Scale Manufacturing of COVID-19 Vaccine Candidate
• AAPL Apple Delaying 5G iPhone Launch Event To At Least Late October: Report
• MYOK MyoKardia Announces Receipt of Breakthrough Therapy Designation from FDA for Mavacamten for the Treatment of Symptomatic, Obstructive Hypertrophic Cardiomyopathy
• MRNA Moderna loses challenge to Arbutus patent on vaccine technology
• DUK Duke Energy Renewables brings another 200-MWac solar plant online in Texas
• DIS Disney delays ‘Mulan’ indefinitely, Star Wars and Avatar movies pushed back a year (DIS, AMC)
• FE FirstEnergy CEO says utility 'acted ethically' in support of nuclear power plant bailout
• AES Brazilian power company Eneva proposes $1.4 billion tie-up with AES Tiete
• CZR Bally's Las Vegas Now Open
• CLNY Colony Capital to Present at the KeyBanc Capital Markets’ Future of Technology Series
• MAXR ($17.90) Maxar Technologies to Participate in Upcoming Investor Conferences
• MAT Mattel’s Classic Barbie Dolls Prove to Be a Lockdown Favorite
• APO%20for%20B2B)Salelytics Enters into Strategic Partnership with EverString
• FTI ($7.92) TechnipFMC: Notification of Major Interest in Shares
• FB Facebook Sweetens Biometric Privacy Accord to $650 Million
• FB%20%2D%2D%20An%20office%20fully,market%20into%20a%20deep%20freeze) Facebook Office Outside Seattle Put Up For Sale by Developer
• FB Facebook proposing $650M to settle class-action case over biometrics
• TWTR Exclusive: More than 1,000 people at Twitter had ability to aid hack of accounts
• IDRA ($2.39) reported 4 new insider trades (acquisitions) to the SEC
• CTO CTO Realty Growth Announces Sale of Wawa Ground Lease in Jacksonville, Florida For $7.1 Million
• CALX Calix to Participate in Upcoming Investor Conferences
• INTC Intel chip delay forces shift to using more outside factories, shares drop
• INTC Intel stock falls as next generation of chips delayed, sending AMD shares higher
• INTC Health Discovery Files Infringement Suit Against Intel
• RVNC Revance finalizes HintMD acquisition
• TARO Taro Pharma to Pay More Than $200 Million to Settle Generic-Drug Price-Fixing Case
• EVR Evercore Announces Strategic Alliance with Seneca Evercore in Brazil
• ARCT Arcturus Therapeutics Announces Agreement with Israeli Ministry of Health to Supply COVID-19 Vaccine Candidate, LUNAR-COV19
• VSAT Viasat draws $175M equity investment from Intercorp, Baupost
• VSAT Viasat Announces $175 Million Strategic Equity Investment
• ENB Enbridge-contracted vessels may have caused Line 5 damage - report
• LLNW ($6.12) reported 6 new insider trades to the SEC
• U.S. Economy’s Recovery Is Stalling, and It Could Get Even Worse
• Authentic Brands, Sycamore Partners Weigh Bids for Ann Taylor Parent (EV, SPG, ASNA)
• HOTH ($2.88) reported 5 new insider trades (acquisition) to the SEC
• SWIR ($12.50) Sierra Wireless Reaches Definitive Agreement to Divest Automotive Embedded Module Product Line for US$165 million
• RDUS ($13.90) Menarini Group and Radius Health Announce Global License Agreement for the Development and Commercialization of Elacestrant
• US Department of Defense awards new contracts to (UAVS, NOC, SRCI, BKH, SSB)
• WABC Westamerica Bancorporation to buyback 1.75M shares
• AMZN Amazon Air Launches Operations At New Florida Hub
• DNKN Philip Auerbach Appointed to Newly Created Role of Dunkin' Chief Digital and Strategy Officer
• CHTR Docket Established For Monitoring Compliance With The Conditions Imposed In The Charter Communications-Time Warner Cable-Bright House Networks Order
• ORGO ($4.05) Latest Advanced Wound Care Innovations and Research from Organogenesis to be Highlighted at SAWC Spring | WHS 2020 Virtual Meeting
• TLSA Exercise of Warrants and Issue of Equity and Total Voting Rights
• TSLA Tesla's stock pares gains after blow out results, while a host of analysts boost price targets
• TSLA Musk Reveals Tesla Will Have Local Battery Cell Production For Gigafactory Berlin
• BMRN BioMarin Submits Marketing Authorization Application to European Medicines Agency for Vosoritide to Treat Children with Achondroplasia
• Pool Companies Score With Covid-19 Recluses Looking to Beat Heat (PNR, TSCO, POOL)
• LPRO reported 7 new insider trades (buys) to the SEC
• PTSI Auto Manufacturing Woes Sink P.A.M. Transportation's Q2
• MRO ROCE Insights For Marathon Oil
• (T) Liberty Latin America Proposed Acquisition of AT&T Mobility Puerto Rico and AT&T Mobility USVI
• DOX ($1.30) Amdocs to buy Openet for $180M
• DOX Amdocs to Acquire Openet to Accelerate the Pace of Taking the Communications Industry to the Cloud and Help Service Providers Differentiate in the 5G Era
• GLT Glatfelter to Present at the Jefferies Virtual Industrials Conference on August 6th
• DKNG DraftKings and Kambi in agreement for proprietary platform services migration
• EHTH EHealth down double-digits as revenue gains, but cash flow remains negative
• WBA Walgreens Supports INFORM Consumers Act Introduction in U.S. House of Representatives
• AVNW Aviat Networks Launches New Hosted Offering for Interference Analysis on Microwave Spectrum
• 'Not much hope': Macau casinos see deepening losses as virus slams China travel (LVS, MLCO)
• SCPL SciPlay Q2 net income up 86% driven by strong margins, shares +15% after-hours
• FITB The Law Offices of Frank R. Cruz Announces Investigation of MB Financial and Fifth Third Bancorp on Behalf of Investors
• MJCO Majesco Announces New and Innovative Updates for Majesco’s Billing for P&C
• AUY Yamana Gold Raises Dividend by Further 12%; Fourth Dividend Increase Announced by the Company in the Past Year for a Cumulative Increase of 250%
• Bubble%20%2D%2D%20Just%20three%20days,stocks%20are%20in%20a%20bubble.&text=The%20Nasdaq%20100%20was%20down,its%20gain%20for%20the%20week) Warnings Get Louder With Nasdaq Erasing Huge Monday Rally
• YouTube Urges Court To Quash Cryptocurrency Scam Lawsuit, Citing Social Media Immunity (GOOGL, GOOG, AAPL, MSFT, TSLA)
• RCL Return On Capital Employed Overview: Royal Caribbean Cruises
• INWK ($2.75) The Law Offices of Frank R. Cruz Continues Its Investigation on Behalf of InnerWorkings Investors
• MOHO ($2.05) The Law Offices of Frank R. Cruz Continues Its Investigation on Behalf of ECMOHO Investors
• ET ($6.62) The Law Offices of Frank R. Cruz Announces Investigation of Energy Transfer LP on Behalf of Investors
• TSQ ($4.60) The Law Offices of Frank R. Cruz Continues Its Investigation on Behalf of Townsquare Media Investors
• ERII The Law Offices of Frank R. Cruz Announces Investigation of Energy Recovery on Behalf of Investors
• COG Faruqi & Faruqi, is Investigating Cabot Oil & Gas on Behalf of its Shareholders
• GDOT Green Dot to Announce Second Quarter 2020 Results on August 4th
• OMC Omnicom Group Schedules Second Quarter and Year-to-Date 2020 Earnings Release and Conference Call
• NSIT Insight Enterprises to Report Second Quarter 2020 Financial Results on August 6, 2020
• GSHD Goosehead Insurance, Inc. to Report Second Quarter 2020 Results on Thursday, July 30, 2020
• BANX StoneCastle Financial Corp. to Host the Second Fiscal Quarter 2020 Earnings Conference Call and Announces Net Asset Value as of June 30, 2020
• Warren Buffett beefs up Bank of America stake
• Coronavirus affecting gym membership as many Americans won't renew after pandemic: Survey
• Gold prices zoom into record books, set sights on further gains

COVID-19 Stats and News:

• COVID-19 Stats
• Latest Map and Case Count
• Virus Updates: Trump Scraps Florida GOP Convention Plans; US Cases Top 4 Million
• US reports more than 4 million coronavirus cases

Macro Considerations:

• Economic Indicators
• Economic Indicator Forecasts
• Tracking America’s Recovery

Most Recent SEC Filings

• SEC Form 10-K
• SEC Form 10-Q (Quarterly Performance)
• SEC Form 8-K (Information of Shareholder Interest)
• SEC Form DEFA14A (Upcoming Shareholder Meeting)
• SEC Form 4 (Insider Trading)
• SEC Form 144 (Insider Selling)
• SEC Form 13F (Institutional Investment)

Other

• Current Trading Halts
• Reg SHO Threshold List
• Short Sale Circuit Breaker
• Highest Short Interest
• Most Recent Insider Filings
• Fear and Greed Index
• OTC Market Snapshot
• Highest Implied Volatility
• Most Recent IPO Filings
• Dividend Calendar
• Most Active Stocks
• Daily Gainers
• Daily Losers

-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
It is up to you to judge the accuracy and veracity of these headlines before trading.

This is the best tl;dr I could make, original reduced by 66%. (I'm a bot)

LAS VEGAS - Las Vegas Sands Corp. is considering selling its two hotel-casinos on The Strip, the company confirmed to the Reno Gazette Journal Monday.
News of the potential sale comes at a time when Las Vegas Strip properties are struggling to attract visitors due to COVID-19 travel fallout.
Las Vegas Sands Corp last week reported a third-quarter loss of $565 million, after reporting a profit in the same quarter last year.
Following Bloomberg's report, the company's stock jumped more than 3%.'We're in a world of hurt'The disappearance of conventions in the wake of COVID-19 contributed to a second quarter loss of almost $1 billion for Las Vegas Sands.
"Las Vegas cannot perform without return of these segments," said Las Vegas Sands President and COO Rob Goldstein in a July earnings call.
His Las Vegas Sands Corp. is one of the largest casino and resort companies in the world with the Venetian and Palazzo resorts on the Strip and lucrative casinos in Macau.

Summary Source | FAQ | Feedback | Top keywords: LAS^#1 VEGAS^#2 Sands^#3 company^#4 billion^#5
Post found in /news.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.

As requested, I will provide DD for NAT, DHT Holdings and MGM based on votes from my previous thread. I'll start with the tankers. (Let me note that I do not expect the general market trend to be positive for the next few weeks)
​
Preface: Positive Virus news is generally bad for Tanker company share prices.
NAT
Current share price: $6.12
EPS Q1 2019: $0.04
EPS Q1 2020 Estimate: $0.26
Earnings: 5/18 (Per NAT website, Thanks u/Nice_Block)
NAT operates Suezmax size tankers, the next step down from VLCC, and daily prices for Suezmax's are considerably less than VLCC. Current spot price is up 141% at $3.92 bpd from March of 2019 to March of 2020. I think that this earnings estimate is roughly accurate, but suezmax vessels have more room for positive price movement as more and more storage is filled to capacity. Suezmax ships allow producers more maneuverability and fluidity to store their oil, as such, turnover rates are higher than VLCC vessels.
Revenues at current prices indicate an earnings estimate closer to $0.36. This is the high end of earnings estimates. Additionally, demand for oil consumption is not likely to improve soon. If anything, a slow reopening of states without ports will not affect tanker company bottom lines and will extend the operating duration of oil producers in the permian. Keep in mind, if oil consumption does not increase, wells will either shut down, or more likely, prices will go negative again. This may have some effect on spot price for tanker transports. That said, spot prices are not likely to diminish significantly in the near future.
As a bonus, NAT recently (like yesterdayish) approved a buyback program to take advantage of increased revenues. This is the best news for NAT holders at this time. Their true intentions will be reflected in the earnings call.
Price Target: $8 in the short term. If quarantine continues through June with no oil production cuts, I would expect at $10+ is possible, but unlikely.
Historical action levels: https://imgur.com/a/dzsAZop
One week chart showing some consolidation for a potential breakout: https://imgur.com/a/10DZWE7
Note - I suggested this as a bullish play last weekend, and as such my $8 price target was hit on Tuesday. This ship may have already sailed. Pun intended. I would find another trade.
Recommendation: If you are dead set on an NAT play, shares at a reduced price through earnings, or options with expiry longer than 45 days out purchased next week.
​
DHT Holdings
Current share price: 7.10
EPS Q1 2019: $0.13
EPS Q1 2020 Estimate: $0.57
Earnings: 5/5
DHT operates operates exclusively VLCC tankers, of which the majority are on spot price rental. Current spot price for VLCC tankers up to 180k/day, up from an average of 19k/day this time last year. This is an over 9x increase. NAT is also currently operating more tankers on spot price rental, increasing volume under spot price contract over last year. They currently have 23 of 27 operating on spot pricing.
Historical action levels: https://imgur.com/a/X3W3kD4
One week chart showing downward channel (Im not sure this trend is completed yet) before potential breakout: https://imgur.com/a/CYCaYcv
Recommendation: I think the resistance levels for DHT are more relevant than those of NAT, and are also more realistic to be beaten. Calls mid week for EOW earnings at least 2 weeks out. General market sentiment is important for this trade.
​
MGM
Current share price: 15.01
Summary of MGM's plans to reopen casinos: https://www.usatoday.com/story/travel/destinations/2020/04/30/mgm-plans-reopen-las-vegas-bellagio-new-york-new-york/3061417001/
I would expect the mayor of Las Vegas to attempt to reopen the tourism to the city along with President Trump's guidance. If they are able, they will reopen soon. They likely will not have large scale shows or concert events to draw in customers, but gambling will be open to some extent. I do not expect casinos to see a large influx of patrons, and this will end up being a net negative for them in the coming months as their expenses will increase more than revenues. They may even potentially have to re-close if Covid testing reveals an uptick in cases in the Las Vegas area. That said, their saving grace is Macau, where a significantly large portion of their income is generated. China expects tourism to Macau to increase, but I would take that with a grain of salt.
Given MGM's recent meteoric rise to nearly $18 per share, I think they fall into the sentiment of the rest of the market and will suffer in the coming month. I expect the share price will visit mid-april prices of $13, or potentially lower following a general trend with SPY. Luckily, If you see these prices, I consider MGM a very long term and stable play. They have enough cash on hand to last an entire year with no revenue; a situation that is uncommon at this time. In general, event or discretionary based spending, hospitality and travel will be the last to recover, but this is a commonly assessed sentiment.
Historical action levels: MGM was not surprisingly rejected by the historical support level of $17.50 this week https://imgur.com/a/aoRNvk8
5 day chart does not provide any major price movement indication.
Recommendation: Sell shares, do nothing until share prices revisit mid-April levels.
​
As always, feel free to comment and tell me why I'm wrong.
EDIT - I accidentally switched which size tanker each company uses, it has been corrected - Shoutout u/kindlyblacksmith

Investing News Morning Roundup – October 27, 2020
Virus cases are surging, setting records in the US as stimulus talks seem to come and go. The market is in the thick of earnings season and this week will see about one third of the S&P 500 companies (186) reporting earnings.
Advanced Micro Devices acquiring Xilinx in $35 billion deal
Advanced Micro Devices (AMD) is acquiring Xilinx (XLNX) in a $35 billion deal in a very complimentary deal for AMD. AMD is paying about $143 per share, a 25% premium to its closing price, in an all stock deal. Xilinx sells more profitable products and upon closing the deal will immediately be accretive to AMD and give AMD a much broader array of product offerings. Xilinx is the leading provider of adaptive computing solutions and its products will help AMD in its battle against leader Intel (INTC). Intel’s recent problems make the acquisition that much more important for AMD. “This is truly a compelling combination that will create significant value for all stakeholders, including AMD and Xililnx shareholders who will benefit from future growth and upside potential of the combined company,” AMD’s CEO Lisa Su. Very good news for AMD’s stock.
Facebook says “game on!” to cloud-streaming games on its platform
Facebook (FB) sees lots of its users playing video games online and wants a piece of the action. Facebook Gaming is launching cloud-streamed games on the Facebook app and on browser versions on the platform. The move by Facebook will expand its content library to more complex, multi-player games. Facebook’s model will be free to play, contrasting with Google’s (GOOG) Stadia and Amazon's (AMZN) Luna, both of which are subscription services. In a blog post, Facebook said, "Our first set of games available this week include Asphalt 9: Legends by Gameloft; Mobile Legends: Adventure by Moonton; PGA TOUR Golf Shootout by Concrete Software, Inc.; Solitaire: Arthur’s Tale by Qublix Games; and WWE SuperCard by 2K." Analysts have cautioned it will take some time for Facebook to reach critical mass and Amazon’s disastrous rollout of Luna gives reason for caution. Nevertheless, the news is positive over the long term for Facebook’s stock.
Tencent wins in court, US govt cannot prohibit WeChat in US
The US government lost its bid in court to prohibit Tencent’s (TCEHY) WeChat from being used in the US. The government lost its bid for a stay on a lower court ruling barring the government’s restrictions. The US is seeking to bar the app from the Google (GOOG) and Apple (AAPL) app stores claiming national security concerns. The claim from the government is that Tencent is close the Chinese Communist Party and the app can be used to disseminate propaganda to US citizens. The court has agreed with Tencent that the restrictions would violate the free speech rights of millions of Chinese Americans. Great news for Tencent’s stock.
Get me some Ant! Ant Group closing IPO books early due to soaring demand
Ant Group’s IPO has attracted unbelievable demand from investors, with its plan to raise $34.5 billion in the biggest IPO ever. With such strong demand, the company will be closing the deal books one day earlier than planned. Once the deal is closed, Ant Group, one-third owned by Alibaba (BABA), will have a market cap of $315 billion, greater than that of JP Morgan (JPM).
Las Vegas Sands looking to sell properties, saying “see ya!” to Vegas
Las Vegas Sands (LVS) is exploring the sale of its casinos in Las Vegas as the world’s largest casino operator looks at a change of focus. Such a move would see Sands focusing on its Macau operations which have been in focus lately. Sands generates most of its revenue in Macau and Singapore. Press reports say the company is seeking about $6 billion for the Las Vegas properties, though negotiations are in an early stage. Any confirmation of a sale could be very positive for Sands’ stock.

Raj GuptaNovember 29, 2020November 30, 2020 Online casino video games are getting popular working day by day as a result of amenities and Positive aspects given on the people. Now you don’t have to stand in a very queue to enter right into a club or get in touch with a booker to guess your hard earned money. A country like Indonesia is one particular the main nation In this particular online On line casino game due to the State-of-the-art systems and advanced application.
Once you fill the shape, they can then verify the information as well as you must give a copy of identity proof like a driver’s license. In any case these formalities, they provides you with your take a look at ID and password to log in to the positioning. You can modify your username and password anytime In accordance with your convenience.
Online On line casino match is popular One of the audience due to privileges specified to The shopper. Listed here we go over a number of the privileges and comfort are given to The shopper and The rationale why They can be acquiring famous working day by day:
One of the most well known Indonesian web sites of online On line casino is Situs judi online. This is a site in which you'll be able to uncover all of the trustworthy and legitimate online casino online games. You are able to entry all the casino web pages that happen to be existing there and Examine which web-sites are more useful to you personally. They also offer you information and facts like ratings and testimonials of your websites.
Dan jangan lupa untuk meminta reward reward seperti reward new member, reward deposit, reward cashback, reward rollingan hingga poin reward yang dapat anda tukarkan dengan hadiah hadiah menarik.
Tugas pemain Dice six ini menebak angka dadu pada bagian atas dadu yang diputar oleh supplier. Jika tebakan anda benar, maka taruhan yang anda pasang akan dikali dengan angka pada meja permainan.
Jika anda tertarik bergabung bersama bandar judi casino online Situs Judi Online maka dapat menghubungi customer service kami untuk segera memproses akun anda.
Permainan judi SUWIT jari dari IDN Dwell ini cukup unik dimana menggunakan 2 buah dadu yang bergambar jari SUWIT dengan warna merah dan Hitam. Cara mainnya hanya menebak kombinasi gambar suwit jari pada two dadu yang dilempar oleh seller.
Niu Niu merupakan salah satu permainan paling baru dari IDN Dwell yang sangat populer di negara China dan Cambodia. Untuk pemula pasti permainan ini terasa sulit dan bingung, namun bila anda sudah mengerti peraturannya, maka permainan IDN Reside terbaru ini sangat menarik dan simpel. Permainan niu niu ini juga populer di berbagai kasino asia.
Permainan baccarat IDN Stay yang satu ini tidak berbeda pada recreation bacarat live On line casino online pada umumnya dimana anda hanya perlu pasang taruhan antara sisi player, banker dan Tie.
Roulette salah satu activity yang sangat populer di indonesia. Permainan ini wajib ada diberbagai Stay casino online karna menjadi activity favorit untuk yang menyukainya. Permainan rolet idnlive ini menggunakan roda permainan yang dibagi menjadi 37 bagian dan masing-masing bagian tersebut diberi angka.
Nah, setelah membaca penjelasan singkat mengenai permainan IDN Are living tersebut dan ingin mencoba bermain match yang tersedia, maka silahkan mengunjungi agen IDN Live OSG168 yang menjadi pathner resmi IDN Enjoy. Cukup dengan mengunjungi situs yang dapat diakses secara online maupun mobile.
Head Tail salah satu jenis judi koin IDN Are living yang menggunakan 3 buah koin sebagai media bermain. Tugas pemain dengan menebak kombinasi gambar pada 3 koin yang dilontarkan supplier secara bersamaan. Permainan ini cukup mudah dimainkan.
Semua jenis permainan IDN Dwell On line casino tersebut disajikan secara live streaming sepanjang waktu sehingga kapanpun anda bisa memainkan match ini baik itu secara online maupun cell. Berikut ini akan sedikit dibahas mengenai sport IDN Stay yang tersaji.
Jangan ragu bergabung bersama agen judi slot online uang asli Situs Judi Online. Kami juga merupakan agen sbobet terpercaya online resmi mobile Indonesia menggunakan server yang ciamik dan memiliki kecepatan stabil serta dapat diakses dimana saja anda berada.
To sign-up with these web-sites, you might want to Get in touch with the customer service that's accessible for 24X7 or you could contact the dealer of the site. Then they will provide you with a website link during which There exists a kind which You will need to fill. It calls for your information like title, age, contacts no, deal with, and much more so. This really is carried out to maintain a history of yours with the corporate making sure that in case of emergency or any inquiry they might click here Get hold of you.
5D adalah satu-satunya permainan terbaru dari idnlive yang lebih didominasi oleh mesin sebagai media bermain. Permainan 5D IDN Reside ini menyerupai togel toto macau yang dimodif sedikit dimana anda bisa bermain kapanpun tanpa perlu menunggu jadwal keluaran angka.
It is possible to play any place and anytime. With online casino online games, You merely need a suitable device along with a sturdy Connection to the internet and that’s it. It is possible to Participate in whilst traveling, keeping at your home at midnight.
Video game yang satu ini juga tergolong permainan IDN Live terbaru yang terinspirasi dari zodiak Cina yang disebut 3D SHIO. Terdapat 12 jenis Shio dalam zodiak china beruntung menurut mitos yang dimenangkan dalam perlombaan surgawi.
Bagi pecinta sepakbola, anda bisa menyaksikan live streaming di situs kami sekaligus bermain judi bola di Sbobetonline, kami memberikan odds yang terbaik. Masih banyak lagi permainan yang dapat anda mainkan seperti match, bola gelinding, oglok, head and tail.

This is the final part explaining Bolsonaro's April 22nd cabinet meeting. At the end there are some final remarks, and in the comments my sources.
Braga Netto introduces Abraham Weintraub, Minister of Education
Note: Weintraub currently is being sued for a racist tweet that implied China created Covid
Weintraub: [...] I don't want to be a slave in this country. And end with this crap that is Brasília. This is a cancer of corruption, of privilege. [...] The people here lose perception, empathy, public relations. [...] We are losing the fight for liberty. This is what the people is calling for. They are not calling for more State, for more projects, to have more ... the people are calling for liberty, full stop.
Note: This right now is one of the most controversial moments of the meeting, with the Supreme Court taking legal action on what he says right now
Weintraub: In my opinion, I'd arrest all those lazy bums. Starting with the Supreme Court. [...] I notice there's many people with a personal agenda. [...] I have a bunch of lawsuits in the ethics committee of the presidency. I'm the only one here that took a lawsuit. [...] I'm really here with an open chest, as you know it, I get shot ... hate ... hate the Communist Party [Redacted]
They are trying to turn us into a colony. [...] We need to end this thing of people and privileges. [...]
Bolsonaro: Let me complement this. What Weintraub is saying - I'm 65 - we get close to people we shouldn't. I have to police myself in regards to that. It's people here in Brasília, of the three powers, that don't know what's the people. I talk to a few, don't know what's rice and beans, don't know what's a supermarket. Forgot. Think that money falls from the sky. "I have my guaranteed privileges, my 100k per month" on average, 100k per month they earn, right? Legally. And think this will never end. Like some think the liberty "What's the deal with that guy, is he crazy?" I see the oldest one here, General Heleno here. He knows what is six, what was sixty four. Many of the ones here don't know. The people that tried to get into power in sixty four, if they had arrived, we were all fucked here. Cutting ... super happy if we were cutting sugarcane earning twenty USD per month. Can't forget that
Note: reference to how it is claimed that the military did the coup in 64 to prevent a socialist revolution
Bolsonaro: We can't forget who this people is. I'll invite the ministers to go on Sunday visit Ceilândia and Taguatinga. (Two local neighbourhoods). It's an invitation, not a ... not a mission no. Invitation. To see how the guy in the corner is doing. So that some piece of shit comes up and says, right? Same pieces of shit as always "Ah but the guy broke isolation. You're giving a terrible example" Ok ... Bad example is my dick, fuck! Worst is to starve! You're in shit, fuck! Feel how the people smell, like I said, there. It's an experience for every politician to feel! Go there and see how it is. Or there's people that is, like it was, right, huh? A general in the rear letting the troops get fucked in front. No! The General is, is in the front, the colonel is in the front, the captain is in the front. Our heroes of WW2 had ahead of them a battlefield. If it was needed, I'm sure, our armed forces will do their job, but, right? We have to give an example and show what Brazil isn't - I'm less rude than Weintraub, improved a lot, right? In the language he used - but that's not what people say around. Meeting around midnight, here and there. Informations systems, mine works.
Bolsonaro: My particular one works. The ofi ... which have officially, misinform. And back to the theme, I prefer not to have information than to be misinformed by the system of informations that I have. So, people, many will be able to leave Brazil, but I don't want to leave and see my sister form Eldorado, another from Cajati, my poor brother Army captain from ... from ... from ... from Miracatu getting fucked, fuck! It's being pursued all day long! And then the shit Folha de São Paulo, says my brother was kicked from a slaughterhouse, buying meat without a mask. Proved in writing, he was in São Paulo that day. The owner of ... of restaurant of ... of ... of ... of the slaughterhouse said he wasn't there. And that's it. I know it's his problem, right? But the bullshit is the whole time to hit me, messing with my family. I already tried to change the staff of our security in Rio, officially, and wasn't able to! And this ended. I'm not going to wait to fuck my entire family, of bullshit, or friends of mine, because I couldn't switch someone from our frontline security in our structure. It'll switch! If I can't switch, I'll switch his boss! Can't switch his boss? Switch the minister! Full stop! We're not joking here
(note): the minister and one of the bosses mentioned here are Ramagem and Moro
Bolsonaro: And then some kid shows up, with - all due respect - the one from BNDES, ok? I met him when he wore shorts, and ... Fuck, he came from the United States over here, could very well be there. Came here to try to change Brazil invited by Paulo Guedes, who is a friend of his parents. Coincidence, isn't it Paulo Guedes?
Bolsonaro: I don't think so. .. I don't remember your parents, I remember you, fuck! All right? But it's someone I'm investing here. And all of those have to think about this.
What these sons of bitches want, huh Weintraub, is our freedom. Look, how it is, how easy it is to impose a dictatorship in Brazil. How easy it is. Everybody is home. This is why I want, the Justice and Defense Ministries, let the people be armed! It's the guarantee that some son of a bitch won't show up to impose a dictatorship here! How easy it is to impose a dictatorship! Ridiculously easy! Some bullshit mayor makes some bullshit decree, handcuffs, keeps everybody home. If they were armed, they would go to the street. If I was dictator, right? I'd want to disarm the population, like they did in the past when they wanted, before imposed their respective dictatorship. Then, what's our demonstration, I ask Fernando (Minister of Defense) and Moro that please, sign in the Executive Order today and I want to give a bitch of a note to these pieces of shit! Because why am I arming the people? Because I don't want a dictatorship! There's no way to hold back! Right? No way to hold back.
Yeah, who won't accept my flags Damares: "family, God, Brazil, guns, freedom of speech, free market". Who won't accept this is in the wrong government. Wait until twenty two, right? Your Álvaro Dias. Wait for Alckmin. Wait for Haddad. Or maybe Lula, right? Go be happy with them, fuck? In my government it's wrong! It's make the armament question obvious here. I want everybody armed! The armed people will never be enslaved. And that each one does, does your job. Expose yourself. Here I already said: you'll lose the ministry if you get spoken positively by Folha or by Globo! By Antagonista! Right? So there are some blogs there that only have good news from the ministers. No idea how! The president ... takes a beating, but the minister is congratulated. And then we see around. "Ah, the government is, the ... the ministry is doing well, although the president." Go fuck yourself, fuck! I picked the team, fuck! We switched five. Hope I won't have to switch anybody else! I hope! But we have to, in Weintraub's line, in a more gentle way, right? It's ... caring about this. What the guys want is our hemorrhoid! It's out liberty! This is a truth. What these guys did with the virus, this piece of shit governor of São Paulo (João Dória), this shit from Rio de Janeiro (Wilson Witzel), amongst others is exactly that. Made use of the virus, there's a piece of shit mayor in Manaus now, opening mass graves. A piece of shit. Who doesn't know his history, try to learn, which I met inside the House, with him next to me! Right? And we know the ... his ideology and what he preaches. And what he always was. It's what ... he's making use now, of a climate like this, to bring terror to Brazil. Right? So people, please, care about was important with everybody's life, what is your liberty. An arrested man is worth shit.
(note: the mayor of Manaus, Artur Virgílio Neto is the son of Artur Virgílio, a Congressman who was exiled and stripped of his position after the military shutdown the Congress under accusations of being communist)
Braga Netto introduces Paulo Guedes
Guedes begins by presenting a more moderate stance. Saying that although they are breaking of from the establishment, they need to work together to pass the reforms. He then mentions a conversation that he had with the G20 Ministers of Economy and the BRICS. Also mentions the pension reform and how it passed in contrast to France. "Now, the same thing, I've been saying: we are deepening the reforms, we are continuing, we are following". Followed up by saying how he doesn't believe in dogmas, how Brazil was heading in a strong direction, but suddenly crashed. Brazil was one of the first countries to prepare to alleviate the crisis financially, and in his opinion, it's only worse than the United States because Powell and the Fed put out money to help keep markets afloat. Also of note is that part of the economic recovery plan involves unconventional methods, like allowing taxes to be paid later while moving forward government benefit payouts, as they were limited by the constitution. It's been planned to cost around three hundred and something billion, last deficit under Temer was around one hundred sixty. These plans reach seventy million Brazilians. "We made a banking committee, we are there with Montezano now doing exactly the restructuring. There won't be easy work for airlines, none of this. We are putting in money, and it's going to work using the best financial technology available. We are putting in money, and it's going to work and we are going to turn a profit. We are going to turn a profit using public resources to save large companies. Now, we are going to lose money saving small companies. Guedes insists the necessity to continue with the reforms mid pandemic, using the bailouts to reform the economy. "A Marshall Plan per year". Insists on lowering interest rates, and blocking government raises for two years. In his own words, you can't impeach if you're going by the book. "And the president is in the future, because the president said the following: ok, there's the first wave, which is health, but there's the second one that's the economy, and one follows the other. We are still trying to leave the first ... and the second is trying to arrive. I still think we are preserving the vitals of the Brazilian economy". He mentions how the economy will likely be held by the expected large soy production and new logistic projects. A mention of China is also present, as for every USD exported to the US, Brazil exports three to China. Mourão and Guedes talk about this, but it is redacted. In Guedes' words, "We are going to sell our soy to them This we can sell as much as we want. They have to eat, they have to eat. India also needs to eat, they'll need water. They'll say it's the best water trade. Strangely, it's also suggested to have a mobilization of the Young Apprentices Program working with the military, as they could be paid with government spending. He criticizes Damares for being against casinos, mentioning Macau. In his own words "the president speaks about liberty. Let everybody get fucked the way they wan't. Especially if he's overage, vaccinated, and a billionaire. Let him get fucked, fuck!" Also mentioned is a meeting with the US Ambassador, who says there is a few hundred billion dollars earmarked for investments in Brazil, but dependent on a good business environment. "Simplified taxation, juridical safety". He also recommends signing the General Purchase Agreement, and joining into the OECD to allow for more government transparency, allowing for improved trade. Bolsonaro then says he has Trump's support. Guedes disagrees "we can't lose the opportunity of having the president being this friendly with Trump".
Tereza Cristina (Agriculture) speaks briefly about how countries are shifting to have government stocks of food post COVID. Currently Brazil is not self sufficient in wheat production, most of it is imported from neighbouring Argentina. Of course, funding is an issue, but there is two million acres set aside in the Matopiba region ready to invest in. 9% interest rates are an issue according to her.
Bolsonaro asks if the Banco do Brasil (another one of Brazilian Government Banks) can help
Guedes intervenes "Banco do Brasil is neither an armadillo or a snake. It's neither private or public. If you pressure Rubem (head of the bank), poor him. He's super liberal, but if you pressure him and he says "lower the rates", he goes "I can't or else the team, the private, my minoritaires, pressure me". Then if you say "put interest rates high", he goes "I can't or else the government pressures me". Banco do Brasil is a ready case to privatize. It's a ready case and we aren't doing this step. Have you sir noticed that the BNDE and the ... the ... the Caixa which are our, public, we do what we want. Banco de Brasil we can't do anything and we have a liberal there. So we need to sell this shit fast.
Bolsonaro makes a quip about Rubem not being invited to the next meeting. Rubem explains how even in the changing situation Banco do Brasil has expanded loans, and the bank doesn't have liquidity issues. At the same time, the bank handles the payments for public companies and the military, which are more stable than private companies. Guedes makes a joke about him to "confess his dream". In Rubem's own words "In regard to privatizing, it's clear that with BNDES taking care of development and Caixa with the social needs, Banco do Brasil would be ready for a privatization program, right?" It is then highlighted that Banco do Brasil has some clear advantages, which would have to be sorted out by the public status. Judicial deposits and government payments would usually be handled by either Banco do Brasil or Caixa, now it's a public competition. The bank is no longer competitive in these sectors. "Then you only keep the bad sides of being a government company. We don't have the same ease in hiring, we don't have the same ease in firing bad employees and ... and ... and ... so forth". He follows with a few closing statements, about how he has to present all documents to the government comptrollers, and Covid perspectives.
Braga Netto closes off the meeting.
A few takeaways
While the meeting was to debate the Pró-Brasil recovery plan, it ended up being more focused on Bolsonaro's gripes with his ministers.
Bolsonaro has strengthened himself in this, as it shows he's still going strong in his position. This is both in the campaign promises and the way he has been underplaying Covid. What he says in the video is suspect, but is nothing that can be used as clearcut evidence in an impeachment trial. The Supreme Court has also subpoenaed his phone, but still has not reported on anything.
Moro is likely the biggest loser in this. While there is evidence Bolsonaro changed command of the Federal Police for political reasons, there is still a degree of reasonable doubt. This meeting was not the silver bullet he expected. Within the Brazilian right wing, he's now seen as a traitor to a degree. Populism is a hell of a drug.
Salles is one of the losers. Supporting the using the Covid news cycle to roll back environmental regulations is not a good look, especially when you're the first one to talk. There is now a movement to impeach him.
Damares is another loser with this. Threatening to arrest governors due to human right violations was a bad move. Luckily, her ministry has little to no legal strength, and thus, is mostly an empty threat.
Guedes on the other hand, has returned confidence to investors. While Brazil may have no clear plan to deal with Covid medically, it has a plan to deal with it economically. At the same time, there's the favorite word of a Brazilian investors - privatizing. The BOVESPA index has shot up from around 82000 points on Friday to 85400 by Tuesday's close.
Weintraub now has a bad look. From having to deal with a racism case, he know is having to explain his threats against the Supreme Court. Outside of Bolsonaro's circle there is now pressure for him to resign or be sacked.
Another loser, out from left field has been Bolsonaro's head of security, General Heleno. After reading the news of Bolsonaro's phone subpoena, he has stated there will be "severe implications for Brazil's democratic institutions" if Bolsonaro's phone is analyzed. Many have considered this to be an overt coup threat. He is now facing possible impeachment.
Teich, which resigned after the meeting has gone through relatively unscathed. With a simple, stump speech on how Brazil can only leave the distancing after it has the virus under control and how testing must be expanded. Of note is mentioning how a plan to ease restrictions is being created. Given how there has been an expanded focus on creating medical capacity instead of waiting for the virus, it is likely that restrictions would be modified to a looser system, closer to that of Sweden.

Everything I knew about conducting good DD tossed out the window in one earnings report. Im done for now until the market becomes rational again. Trying to justify these price movements is giving me daily migraines, I need a break from this.
If anyone still wants to play this stock here's everything that was just COMPLETELY IGNORED in its earnings report yesterday.

• 43% Decline in revenue
• Net loss of over 400 million Q1, -3.54 eps which was -237% below estimated -1.05 eps
• Suspended their 5% dividend
• Issued $600 million in new 2025 bonds at an 8% yield towards the end of Q1
• Still have 2.9 b in cash, equivalents, and restricted cash (bullish, if they are able to reduce cash burn)
• Will continue paying their U.S employees salary + benefits through May 15th (I really respect this, but it will result in higher cash burn through Q2)
• Q2 Estimate is -1.14 eps, 1.1 B in Revenue. Yeah you heard that right. They will miraculously increase rev and EPS during a historically bad quarter. I mean they've missed earnings 4 times in a row, for sure they won't miss again. /s

Some other financials to consider

• Debt to equity ratio of 6
• During 2019 traded at an average PE of 70 - for comparison, LVS trades at PE of 11, MGM is at 3
• Paying 130 mill per quarter in interest on debt, this will increase slightly with newly issued notes
• Assets are depreciating at an average rate of 140 mill per quarter

Where the fuck are S&P and Moodys? It's unclear when WYNN will turn a profit again, are leverage by a multiple of 6, and are issuing 5y bonds at an 8% yield. Credit agencies - DO YOUR FUCKING JOB. Last rating was in Sep from Moodys, where they state

The positive rating outlook reflects Moody's expectation that Boston Encore Harbor, which officially opened June 23, 2019 will ramp successfully during the next 6-12 month period. The positive rating outlook also considers Moody's favorable positive long-term revenue and earnings prospects for the company's Macau, China and Las Vegas Strip, Nevada casino resort assets.

Guess what. None of these locations make money anymore. They probably won't turn a profit for the rest of the year. Why are agencies holding back on downgrading this piece of shit.
​
This stock is up 45% in April. They released most of the info in this post yesterday AH. Stock is up 1% as Im typing this. My puts are toast, probably holding until exp in Sep in case the market decides to suddenly wake the fuck up.