Friday, October 09, 2009

Wynn Macau

What a hype with Wynn Macau (1128). The traders that bought Wynn-C1 and Wynn-C2 sure have a crystal ball. Wynn-C1 is trading at a 36% premium while Wynn-C2 is at 61% premium! These traders sure take a lot of risk. With a simple gearing of around 2.4, in my opinion, it does not worth buying at all.

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