Macau GDP Weakens in Q3; Visa Restrictions to be Lifted? (LVS)
The Statistics and Census Service (DSEC) today released 3rd quarter GDP for the Macau Special Administrative Region of China. Growth slowed sharply, coming in at just 11.3% for the 3rd quarter, after posting gains of 32% and 22% in the first two quarters, respectively.
Gross Casino Revenue grew 27.6% after registering 47.6% in the 2nd quarter. [...]
Performance Update: A Portfolio Divided, and 2 Dilemmas
The Secular Trends Model Portfolio briefly dipped below $80k before finishing the day at $804k…Currently the losses on the 6 worst holdings by performance (AA, FCX, POT, BTU, CAT, PBR) have been severe enough to destroy most of the little tidbits of alpha I was picking up on the other 16 positions. Basic Materials and [...]
Las Vegas Sands is the Stock Version of a Bruckheimer/Bay Flick (LVS)
I’ve been working hard to get a breakup value & earnings model going for Las Vegas Sands, but the input parameters keep changing by the hour. This casino operator with massive interests in Macau and Vegas is down over 90% in the past year, and I’ve long been a fan of the potential for value [...]
Adding Las Vegas Sands to Secular Trends Portfolio (LVS)
I’ve been keeping an eye on the gaming sector for a few weeks now, just wondering how low this group would go. By all accounts there aren’t any positive catalysts surrounding the stocks, save for what now appears to be distressed asset levels. Las Vegas Sands has huge property interests in Macau and runs the [...]
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Investopedia Commentary- 3 Retail Rocket Stocks (M, ROST, SPY, FDO, XRT)
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- Terex Reshapes For The Future (TEX, BUCY, CAT, DE)
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Pragmatic commentary on U.S. & global investing, demographics & secular trends, and the valuation of anything worth valuing. Objective, unbiased research; We believe in minimal design, zero gimmicks, and maximum results.
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Secular Trends Holdings
- Secular Trends Portfolio Real-Time Positions
- The Fuel That Fed the Subprime Meltdown (Written in September 2007)
- Performance Studies on the DJIA & Fundamental Value Stocks (11/22/08)
- Las Vegas Sands - Are They Sustainable in 2009? (Published 11/15/08)
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