RE:RE:RE:RE:RE:RE:RE:CVC Becomes 2nd largest Shareholder of Stars Close your eyes until they come out from under the huge amount of work it took to get the deal closed on time, and give them some runway for announcements. Key one for me is Kentucky and then will be August earnings conf at which time they will announce new guidance.
There is surely a ton of work being done behind the scenes on the organizational changes, etc required to make this shift. I'd rather they focus on that, to the detriment of the stock price in the short term and then come out swinging at the market.
I don't think we're going down to $42, however we could see $45 before it starts back upwards. As written, there are many preferreds still out there to dump and their metrics are quite different. However for all of them there appear to be eager buy at this discounted level...