Las Vegas Sands Reminds Us of its Capital Countdown Clock (LVS)
Sheldon Adelson’s baby Las Vegas Sands (of which he’s a 64% owner) issued an 8K filing and auditor’s report in which it reminded us that if the company can’t obtain substantial capital by December 31, it will break several debt covenants. Should they break them, we’re in all-out equity destruction territory, or whatever your definition [...]
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