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Thread: Eri

  1. #201  
    RX Junior brucefan's Avatar
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    Stifel Nicolaus intiates ERI with buy 62 PT
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  2. #202  
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    Looking good
    Who knew we had signatures all this time?
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  5. #205  
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    Looks like one of my dreams may come true. I may actually own a Jai-Alai fronton

    http://pointpubs.com/pompano-beach-n...redevelopment/
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  6. #206  
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    Eldorado seals deal valuing Caesars at $18B - Reuters

    Jun. 23, 2019 4:44 PM ET|About: Caesars Entertainment Corp... (CZR)|By: Jason Aycock, SA News Editor

    Eldorado Resorts (NASDAQ:ERI) has an agreement to merge with Caesars Entertainment (NASDAQ:CZR) in a deal valuing Caesars at about $18Bincluding debt, Reuters reports.
    That values Caesars about $13/share, the price Caesars was demanding when it started its auction. Caesars reportedly rejected deals earlier this month at $10.50/share. CZR closed Friday at $9.99.
    And it comes after reports that Carl Icahn looked more eager to sell than Caesars' board, and worked to stake out middle ground on the deal.
    The deal's expected to be announced tomorrow, according to Reuters. Ownership would be split roughly between shareholders of each company


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  7. #207  
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    Do you think it's a good deal for Eldorado?
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  8. #208  
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    Quote Originally Posted by mickj View Post
    Do you think it's a good deal for Eldorado?

    03-08-2019, 08:22 AM
    ERI: Another Way ERI Could Double: BuyCZRIn a June note, we outlined an investment case for $108 per share not requiringadditional acquisition announcements. Below, we argue a separate investmentcase for $104 to $116 per share should ERI purchase Caesar's (CZR-NC)under a reasonable valuation scenario. We do not pretend to know if ERI andCZR are in any deep merger discussions, though the universe of buyers islimited and ERI is best suited to extract full value from CZR assets, in our view.Calculation. Variables of our case for $104 to $116 per share include: a CZR$12 per share base case purchase price or ~$9b utilizing 75% cash and 25%ERI stock consideration (we demonstrate purchase price sensitivity on thefollowing page); $600mm in EBITDA synergies; ~$1.2b of executed lease backcall options from VICI and $5.3b in new debt issuance and; targeted metricmultiples. We also touch on why ERI is likely best suited to maximize CZR

    https://roth2.bluematrix.com/sellsid...om&source=mail
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  9. #209  
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  10. #210  
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    Deutsche Bank Boosts Eldorado Resorts $ERI Price Target to $74.00 http://americanbankingnews.com/?p=10991502 #stocks
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    UNION GAMING” => Raising Price Target -to- $70.00 per/share => Analyst Expects +$600 Million -in- Estimated Cost Synergies form “CZR

    https://uniongaming.bluematrix.com/s...om&source=mail
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  12. #212  
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    Eldorado Resorts
    CEO - Tom Reeg tells Gaming Today
    He expects to Pay Off => $4 Billion -to- $5 Billion
    Of Caesars Debt
    Within first "24 months" -of- Closing the Merger
    That equates to roughly => 40.00%
    Of the Combined Debt Obligations

    https://www.gamingtoday.com/industry/article/84831-Tom_Reeg_poised_to_lead_Eldorado_Resorts_Caesars_Ent
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  14. #214  
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    $ERI
    CEO-Tom Reeg
    On "CNBC" Tuesday
    Supremely Confident in $500MM of Savings
    Combined player database will have: 62MM Gamblers
    Paying Down => $4-$5 Billion in Debt
    Within 2 years after CZR deal closes
    Drives Leverage => Below 3.0X times
    cnb.cx/2r6KSIm
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  16. #216  
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    On a Roll
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  18. #218  
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    I just wish I had bought more when you gave the initial recommendation
    Who knew we had signatures all this time?
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  19. #219  
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    Was so close to a ten bagger I could taste it lol . Then the waterfall selloff . Eldorado Resorts Reports Fourth Quarter Net Revenue of $592.1 Million, Operating Income of $58.9 Million, and Adjusted EBITDA of $154.4 Million | https://seekingalpha.com/pr/17792113...income-of-58_9
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  21. #221  
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    Just terrible This country is destroying itself

    Item 4. Purpose of Transaction
    Item 4 of the Schedule 13D is hereby amended by adding to the end of Item 4 the following:
    As previously disclosed, REI pledged 3,800,000 shares of Common Stock as collateral to secure its obligations under a margin loan agreement with a third party commercial bank. On March 17, 2020, 2,354,000 pledged shares of Common Stock were sold for an average price of $11.674 per share on the open market by the third party commercial bank as a result of an unmet margin call under such loan. Approximately $1.1 million remains payable under the margin loan. REI expects that such portion of the remaining 1,446,000 pledged shares as is necessary to satisfy the remaining $1.1 million of obligations will be sold on March 18, 2020, at which time the obligations under the margin loan will be satisfied and no shares of Common Stock will be subject to a pledge.

    http://app.quotemedia.com/quotetools...p=on&type=HTML
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    Down to 7.81 !!! Will ERI climb once this shit calms down?
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  23. #223  
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    You blinked
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  24. #224  
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    Closed at 15.05 today.

    What do we see short / long term?
    How did a generation raised on South Park and Family Guy become sooooo sensitive?
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  25. #225  
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    Kicking myself...was in THE $6s, jesus.
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