RE:Euro Status Could Go Against Stars Performance for Q4I trade currencies so I know a little bit about them.
i don't think it's a concern for a few reasons. First, currencies are based on quarterly averages not daily. As of today the avg price on the Euro is 1.1772 heading into Monday.
Second, the longer term outlook on the Euro vs the US dollar is bullish. Yes, there has been some headwinds the last few weeks with the elections, Spain, robust data from the US, but Europe is set to outpace the US on overall growth and they still have tightened yet. When they do the Euro will spike.
Third, I don't know the exact amount of revenues Stars brings in from the Euro zone, but say it's half of their take you're looking at about 6million per point. So if the Euro were to avg around 1.16 for the entire quarter than that would mean about a 12million loss on the exchange. Not game breaking if you ask me. And frankly, analysts will know this also.
Fourth, companies are allowed to hold off on exchanging currencies. Just because the Euro is sitting at 1.16" if they think it will go higher say in 6 months then they can exchange what they made at a later time. Of course they would need that income for operating costs as well.
i don't think it's a big concern right now. I'm more concerned or interested in what's going to come out of the U.K. And also the KY lawsuit which seems to be taking forever.
Just my opinion.