Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Madharry who wrote (25897)	2/1/2007 1:17:55 AM
From: Paul Senior	Read Replies (1) of 78627

Madharry, yes it's distinguished by the 'free' Aruze business, and in that way, it's a value proposition. To me though a scary, iffy value proposition. Because so very much of the value of Aruze is in holding WYNN stock. (It was 60% they own? I don't recall.) And WYNN itself is no value play. Not with forward p/e 47x, p/bk 4.8x, p/sales 9.66 times. I guess I equate value stocks as stocks having a margin of safety, and I do not get that with ARUZE. Just as ARUZE is following WYNN up as WYNN is rising, If WYNN corrects because the popularity of casino stocks and/or Macau falters, WYNN dominates and ARUZE stock is going to go down substantially no matter what the value of its (ARUZE's) stand alone business. (Well, that's my opinion.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next