Quote of the Day

“For Caesars [Entertainment], the problem creating so many subsidiaries is that debt holders who financed the company were intentionally cut out from the valuable assets as they were transferred to new companies. This would be like getting a mortgage to buy a home and then jacking up the home and moving to new land, leaving the bank with no collateral but the land where a house once sat.” — Motley Fool analyst Travis Hoium on the asset-shuffling that is at the heart of a dispute between Caesars and some of its main creditors.