RE:Sell before you lose your housesyaymakemoney wrote: Honestly, TSG scares me. High debt, low growth, over regulated, and soon to be over taxed. The golden goose has been slayed. The only ones who will make money are the executives as they have guarnateed salaries and bonuses. Investors will get slaughtered.
Long term, it is scary because every time the government needs money (which is all the time) they will just boost taxes on the hated gambling sector, just like they did with cigarettes.
Sell now and buy back in the single digits, or better yet, invest elsewhere. Sorry to be the bearer of harsh news, but now that I've sold, I see it as an unbiased observer.
The $80 million of annual free cashflow they are going to lose because of the new taxes is just the tip of the iceberg.
Unbiased observer...we all believe you.