RE:RE:RE:RE:RE:RE:RE:MD&A Spells DOOM For CasinoWhy is everyone waiting to pull the trigger you ask? I don't know the particulars, however, the analogy of a Mexican standoff comes to mind. Everyone knows that the first shot (i.e. publicly announced bid) will likely start a bidding war (public or not). Maybe there is some hesitancy to be the one to fire the first shot.
Or, maybe the majors think they can catch lightning in a bottle and buy at the bottom of an upcoming downturn in the commodities cycle.
Maybe every single one of the boxes need to be checked for a conservatively minded RIO to pull the trigger? I don't know, all I know is the value of Casino continues to increase each year and that we will be involved in a double-digits buyout. How much patience that will require is anyone's guess.