{"id":9183,"date":"2012-06-05T15:17:26","date_gmt":"2012-06-05T23:17:26","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=9183"},"modified":"2012-06-05T15:17:26","modified_gmt":"2012-06-05T23:17:26","slug":"bail-caesar","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/bail-caesar\/","title":{"rendered":"Bail, Caesar!"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-full wp-image-1052\" title=\"Gary_loveman_Cropped_fmt\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2009\/10\/Gary_loveman_Cropped_fmt.jpeg\" alt=\"\" width=\"204\" height=\"203\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2009\/10\/Gary_loveman_Cropped_fmt.jpeg 204w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2009\/10\/Gary_loveman_Cropped_fmt-150x150.jpg 150w\" sizes=\"(max-width: 204px) 100vw, 204px\" \/>&#8220;I don\u2019t like <strong>Caesars<\/strong> [<strong>Entertainment<\/strong>] because of its high leverage \u2013 the company has  <strong>$21.2 billion<\/strong> in net debt and <strong>$1.7 billion<\/strong> per year of interest  obligations. To manage cost, Caesar [<em>sic<\/em>] has reduced marketing and operating  costs and limited its maintenance and growth capex as well. This has in  turn resulted in market share losses. To bet on Caesar [<em>sic<\/em>], one needs to be sure of a lot of things like a  continued recovery in the <strong>Las Vegas Strip<\/strong>, macros going in the right  direction, and Caesar [<em>sic<\/em>] being able to service its debt obligations. Caesar [<em>sic<\/em>]  has very little margin of safety if things go south; thus, the stock  appears way too risky to me.&#8221; &#8212; Motley Fool <em>stock-picker <strong>Ashish Sharma<\/strong>. Less marketing, less operating budget, less maintenance and less market share? Sounds like the dreaded &#8220;death-spiral business model&#8221; to me. Say, why is that man smiling?<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;I don\u2019t like Caesars [Entertainment] because of its high leverage \u2013 the company has $21.2 billion in net debt and $1.7 billion per year of interest obligations. To manage cost, Caesar [sic] has reduced marketing and operating costs and limited &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/bail-caesar\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,14,7,9,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9183"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=9183"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9183\/revisions"}],"predecessor-version":[{"id":9184,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9183\/revisions\/9184"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=9183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=9183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=9183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}