Silicon Investor (SI) -- The First Internet Community

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 : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (10143)	3/16/2009 9:55:41 PM
From: rayrohn	Respond to of 41419

lol just an average place to eat to

To: NOW who wrote (10143)	3/17/2009 3:08:44 PM
From: Perspective	Respond to of 41419

I noticed this thing popping its ugly head back up. Somehow a mere 50% haircut from the bubble peaks just doesn't make sense for a heavily indebted casino. Sure, they renegotiated their terms to avoid default concerns, but they STILL have 1.6B in debt! Looks like they're paying about 6% interest. WhoTF in their right mind would loan somebody like this !!!!! 1.6 BILLION DOLLARS !?!?!?!? $100M in annual interest payments, against revenues just north of $1B... Note 5 — Long-term debt Long-term debt consisted of the following: December 31, 2008 2007 (Amounts in Thousands) Senior credit facilities, secured by first priority security interest in substantially all real and personal property assets of ACI and its subsidiaries, consisting of the following facilities: Revolving loan facility, at variable interest (4.5% at December 31, 2008 and 7.1% at December 31, 2007); principal due November 10, 2010 $ 1,259,000 $ 1,252,000 Term loan facility, at variable interest (2.5% at December 31, 2008 and 7.4% at December 31, 2007); $1.0 million principal payments due quarterly through September 30, 2011; $94.3 million principal payments due quarterly from December 31, 2011 through November 10, 2012 388,000 392,000 `BC

To: NOW who wrote (10143)	3/18/2009 10:57:42 AM
From: Perspective	Respond to of 41419

Hopefully that one is getting into the resistance at $30. I still have no position; I'm too fearful of where the general market is headed on this move. I'm stunned that earnings are holding up at these restaurants. Gotta hand it to the market - it's been "right" all along. Smarter than I am, as usual. <g> In the short time frames, anyways... I think it'll be fascinating if this latest news from DRI ends up getting sold. Would actually be my expectation, but I've also been expecting the good news at the restaurants to run out for a long time now, so we see what my expectations are worth. I finally woke up to the fact that Q4 was going to be surprisingly good due to the drop in gas prices, but I thought Q1 would be the death knell. So far I'm still waiting... `BC