{"id":9231,"date":"2012-06-14T08:10:13","date_gmt":"2012-06-14T16:10:13","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=9231"},"modified":"2022-10-25T04:21:13","modified_gmt":"2022-10-25T12:21:13","slug":"quote-of-the-day-431","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-431\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-5616\" title=\"CAESARS-ENTERTAINMENT-LOGO\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/01\/CAESARS-ENTERTAINMENT-LOGO-150x107.jpg\" alt=\"\" width=\"150\" height=\"107\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/01\/CAESARS-ENTERTAINMENT-LOGO-150x107.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/01\/CAESARS-ENTERTAINMENT-LOGO-300x215.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/01\/CAESARS-ENTERTAINMENT-LOGO.jpg 500w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>&#8220;One of the worst IPOs in recent memory! A company that is consistently losing money, and with an\u00a0enterprise value of $19.5 billion is ridiculous! The company&#8217;s\u00a0interest expense alone is [roughly twice] its current\u00a0market cap. Valuing this company based on its\u00a0book value is also wrong. Since most of the\u00a0assets are made up of casinos (recorded at original cost) I guarantee you that they are worth a lot less than what&#8217;s stated on the\u00a0balance sheet.&#8221; &#8212; <em>investor &#8220;<\/em><strong><em>BuffettJunior1<\/em><\/strong><em>&#8221; (!), one of the over 175,000 investors participating in <strong>Motley Fool CAPS<\/strong>, which has given <strong>Caesars Entertainment<\/strong> <\/em><a href=\"http:\/\/www.fool.com\/investing\/general\/2012\/06\/06\/1-star-stocks-poised-to-plunge-caesars.aspx\" target=\"_blank\" rel=\"noopener\"><em>the baleful one-star rating<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;One of the worst IPOs in recent memory! A company that is consistently losing money, and with an\u00a0enterprise value of $19.5 billion is ridiculous! The company&#8217;s\u00a0interest expense alone is [roughly twice] its current\u00a0market cap. Valuing this company based on its\u00a0book &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-431\/\">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":[7,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9231"}],"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=9231"}],"version-history":[{"count":6,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9231\/revisions"}],"predecessor-version":[{"id":31803,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9231\/revisions\/31803"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=9231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=9231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=9231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}