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Pastimes : John Dessauer's Investors World
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To: Paul Lee who wrote (2059)5/15/1999 7:47:00 AM
From: Paul Lee  Read Replies (1) of 2346
 
Harrah's Entertaiment (HET-NYSE)
by Seidler (24 9/16, May 4)
Strong Buy. We believe the balance of 1999 and 2000 should continue to
reflect the contributions and cost savings achievable with the Showboat and
Rio acquisitions . . . and improving environments in Las Vegas, Lake Tahoe
and most of the riverboat markets. In addition, with the pending sale of
Harrah's interest in Star City and accelerating free cash flow, the company
should be in a position to pay down a meaningful percentage of its debt in
each of the next few years.
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