Caesars Entertainment Corp (NASDAQ:CZR)

CAPS Rating: 1 out of 5


Player Avatar Allstar13913 (99.84) Submitted: 2/13/2013 2:39:17 AM : Underperform Start Price: $12.53 CZR Score: +29.95

It's on its way back down after a bubble pop/ short run on the stock from the New Jersey gaming law.My original pitch:Caesar's currently has high debt levels and no clear way to pay off its debt. As a regional casino operator, it has no footprint in Asia and an inability to attract big customers. Management seems to be incompetent and is looking to expand operations in MA rather than pay down debt that is out-stripping revenues.This was a horrible IPO that was foisted on the investing public.

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