“One of the worst IPOs in recent memory! A company that is consistently losing money, and with an enterprise value of $19.5 billion is ridiculous! The company’s interest expense alone is [roughly twice] its current market cap. Valuing this company based on its book value is also wrong. Since most of the assets are made up of casinos (recorded at original cost) I guarantee you that they are worth a lot less than what’s stated on the balance sheet.” — investor “BuffettJunior1” (!), one of the over 175,000 investors participating in Motley Fool CAPS, which has given Caesars Entertainment the baleful one-star rating.
By David McKee ~ June 14th, 2012 @ 8:10 am