Author Topic: CZR - Caesars Entertainment Corp  (Read 5603 times)

muscleman

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Re: CZR - Caesars Entertainment Corp
« Reply #10 on: January 20, 2015, 08:43:45 AM »
http://investcorrectly.com/20150120/caesars-entertainment-corp-czrs-violates-federal-laws-bankruptcy-gets-complicated/

It sounds like the Junior lien holders are making progress? The spokeman of CZR says even if Junior holders win, it won't affect the restructuring given their small size. Why is that? I am not sure. Junior liens are over $5 bn. That's not small.


muscleman

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Re: CZR - Caesars Entertainment Corp
« Reply #11 on: January 21, 2015, 09:22:18 AM »
Even if CZR is found NOT to committed fraudulent conveyance...I still don't see how this company is worth it's current quote.

The only way they might make money is if almost all the debt is wiped out.  I don't think that is going to happen under even the most optimistic assumption for equity holders.

Right.... Excluding impairments, this company is losing 2 Bn per year. Even if restructuring succeeds and interest payment is reduced from 1.7 bn to 0.45 bn, the company would still lose 0.7 bn per year.
CACQ's earnings seem to be weak as well. I am not sure how the merger would save the whole company.  ::) I guess I will just pass.

cameronfen

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Re: CZR - Caesars Entertainment Corp
« Reply #12 on: April 27, 2018, 07:52:29 AM »
I don't know if anyone is looking at CZR, but emerged out of bankruptcy and at first glance appears they only have 1.1 billion in debt (and 1 billion in cash).  Taking out restructuring and loss on bond extinguishment, should earn almost 2 billion in EBIT.  Currently trading at 7 billion market cap.   

thepupil

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Re: CZR - Caesars Entertainment Corp
« Reply #13 on: April 27, 2018, 08:00:19 AM »

cameronfen

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Re: CZR - Caesars Entertainment Corp
« Reply #14 on: April 27, 2018, 08:20:55 AM »
oh my fault I was just looking at the hold-co on the 10K and thinking to myself, this looks too good to be true.