Capitalism - the Stealthy Killer: Despite calling themselves “job creators,” CEOs like casino billionaire Steve Wynn have cut jobs while their corporate profits have doubled and their corporate taxes have been slashed in half.
Good luck today guys, hope everyone makes some tendies
Edit 8:30PM Thanks for the love and awards guys, hope everyone ended the week off positive, enjoy your weekend.
Of note for Airlines (LUV, DAL, AAL, UAL), the Airlines for Americas trade association says the industry needs “immediate financial assistance” to protect the 11mln jobs it represents. Of note for Banks (JPM, C, MS, BAC, GS), the Fed is encouraged by a notable increase in discount window borrowing as banks show a willingness to use the window as a funding source to support the flow of credit to households and businesses. Of note for Car Rental Services (HTZ, CAR), both Hertz and Avis Budget Corp have requested aid from the US government.
Apple Inc. (AAPL) supply chain is reportedly still facing supply disruptions even as China recovers due to factory closures of suppliers in Malaysia. Elsewhere, it has limited the number of purchases on its iPhones to two per customer in the US and China, according to Canalys. Boeing Company (BA) is reportedly leaning towards a temporary halt of operations at its twin-aisle jetliner factories due to the spread of the coronavirus, according to people familiar with the matter, in a similar move to Airbus (AIR FP). Johnson & Johnson (JNJ) Global Supply Chain Officer Wengel announced its supply chain is currently holding steady and meeting patient needs. Walmart (WMT) announced it is planning to give special cash bonuses for hourly associates for their work during the current conditions with full-time associates receiving USD 300 and part-time associates receiving USD 150, which will equate to USD 365mln. WMT is to also accelerate its next bonus for store, club and supply chain associates which will equate to USD 180mln, overall it will equate to USD 550mln, the co. says. WMT is to also hire over 150k hourly employees as the number of shoppers increases.
Amazon.com Inc. (AMZN)– Some sellers state its decision to stop receiving non-essential inventory in response to the coronavirus pandemic could limit sales they need to make payments on its loans from Amazon. Tesla (TSLA) announced it decided to temporarily suspend production at its Fremont, California factory and NY Factory after March 23rd. Elsewhere, CEO Musk announced his factories are working on ventilators to address a potential shortage. United Continental Holdings (UAL) – Apollo Global Management (APO) has reportedly purchased part of the airlines USD 2bln loan from a group of banks, according to people familiar with the matter.
Accenture plc (ACN) had its PT cut at a number of brokers, however, they were positive on its ability to continue through the coronavirus crisis. AFLAC Inc (AFL) American Family Life Assurance of Columbus and New York agreed to acquire Zurich North America's US corporate Life and Pensions. AFL expects the acquisition to be dilutive to 2020 adj. EPS by USD 0.02 to 0.03. Altria Group Inc (MO) announced it is temporarily suspending operations at its Richmond manufacturing center. Anthem Inc. (ANTM) announced it is offering up to 80 hours of paid emergency leave for qualifying needs, including if associates are experiencing coronavirus symptoms or for caring for young children whose school has been closed. AT&T Inc. (T) announced it has cancelled is accelerates share repurchase programme of USD 4bln worth of stock, noting the impact of the coronavirus could be material although it cannot currently estimate the impact onto its financial or operational results. Bank of America Corp (BAC) announced it is offering additional support for its consumer and small business clients in response to the coronavirus, where clients can request funds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees through deposit accounts. Many customers can also request to defer any payments. Carnival Corp. (CCL) preliminary Q1 20 (USD): EPS 0.22 (exp. 0.27), revenue 4.8bln (exp. 4.66bln); coronavirus resulted in a net loss of 0.23/shr. Cintas Corporation (CTAS) Q3 20 (USD): Adj. EPS 2.16 (exp. 2.02), revenue 1.81bln (exp. 1.8bln), gross margin 45.5% (exp. 45.7%, prev. 44.9% Y/Y); announced it is not providing guidance for Q4 20 and it is suspending FY20 guidance due to uncertainty surrounding the coronavirus. Coty, Inc (COTY) provided an update on the current situation: Expects Q3 20 revenue to fall approximately 20% like for like, with a meaningful impact on profit, it has also withdrawn FY20 guidance. It is recommending to the board that shareholders be given the option to receive up to 100% of their quarterly dividend in kind for the coming two quarters. Its largest shareholder JAB decided to fully repay the loan it used to finance the tender offer in 2019. It is taking initiatives to manufacture hand sanitizer. Notes activations on Amazon have seen US sales nearly double in recent weeks, as well as launching the Kylie skin-care Europe in upcoming weeks; it is also preparing for increased demand post coronavirus. Danaher Corp. (DHR) announced the US FTC is on board with the acquisition of General Electric’s (GE) Life Sciences Biopharma Business. The closing of the deal is still subject to customary closing conditions as announced in the agreement, but DHR expects the deal to close on March 31st, 2020. Ford Motor (F) announced it has plans to suspend production in Argentina and Brazil starting next week due to the coronavirus. Kohl's Corp. (KSS) announced it is to close its stores nationwide through to at least April 1st, although customers will still be able to shop on its App. It also withdrew guidance for Q1 and FY20. Mylan N.V. (MYL) announced it is increasing production of its malaria drug for potential use to combat the coronavirus. Occidental Petroleum (OXY) is reportedly planning on naming its former CEO Stephen Chazen as its new chairman as it tries to improve amid weak demand and activism from Carl Icahn, according to WSJ citing people familiar with the matter. Sysco Corp. (SYY) announced it will donate 2.5mln meals over the next four weeks as part of its response strategy to help against COVID-19. Elsewhere, it has withdrawn its three-year plan guidance due to the impact from the coronavirus. Tiffany & Co. (TIF) Q4 19 (USD): Adj. EPS 1.80 (exp. 1.77), revenue 1.4bln (exp. 1.36bln); SSS +3%, SSS Ex-Hong Kong +5%, Gross Margin 63.3% (Prev. Y/Y 63.8%). Announced it will not be issuing FY20 guidance due to the pending merger with LVMH
Crowdstrike (CRWD) Q4 19 (USD): Adj. EPS -0.02 (exp. -0.08), Revenue 152mln (exp. 137mln); FY21 Adj. EPS view -0.14 to -0.10 (exp. -0.18), revenue view 723-733mln (exp. 685mln) Samsung (SSNLF) has reportedly been hit hard by Vietnam’s travel restrictions from South Korea, fueling concerns its Galaxy Note smartphones will fall behind schedule in its largest manufacturing hub outside South Korea Teva (TEVA) announced it will be donating over 6mln doses of hydroxychloroquine sulfate tablets across the US to meet the urgent demand for the medicine as an investigational target to treat the coronavirus.
Additional US Equity Stories
Of note for casino names (MGM, CZR, WYNN, MLCO); Macau has halved its 2020 gaming revenue forecast due to the coronavirus and predicts a 56% fall from previous year to USD 16bln. US Steel (X) Q1 20 (USD): Adj. EPS view -0.80 (exp. -0.84), EBITDA 30mln. Coca Cola (KO) does not expect to meet its FY20 guidance, although does not foresee any near-term interruptions to its concentrate or beverage-based production. Meanwhile, it had its PT lowered at Deutsche Bank to USD 53/shr from USD 64/shr, although the desk reiterated its long-term buy rating. Ross Stores (ROST) announced it is to temporarilty close all of its stores throughout the US due to the coronavirus. Dollar Tree (DLTR) announced it is hiring 25,000 associates (both full and part time) to help across its stores in the US. Synaptics Inc. (SYNA) downgraded to Underweight from Neutral at JP Morgan Colgate Palmolive (CL) upgraded to Buy from Neutral at BofA Accenture (CAN) upgraded to Buy from Neutral at MoffettNathansonMonster Beverage
US COVID-19 hospitalizations hit record high Joe Biden's advisors are pushing Democratic congressional leadership to strike a stimulus agreement with Senate Republicans, even if it falls short of the larger $2.4 trillion bill that House Democrats were pushing earlier this year, according to the New York Times Joe Biden will select first cabinet appointments Tuesday and Janet Yellen is a favorite for Treasury Secretary. Tony Blinken is the favorite for Secretary of State, according to Bloomberg Government vaccine expert Moncef Slaoui says coronavirus vaccinations could begin in less than three weeks, according to Bloomberg Judge dismisses lawsuit from President Trump to delay vote certification in Pennsylvania. The election certification in Pennsylvania and Michigan is expected to take place today, according to the New York Times More than 1 million people flew on planes on Friday despite warnings against holiday travel, which is the second highest since the pandemic began, according to Bloomberg Nevada to lower capacity limits ar casinos to 25% from 50%, according to Bloomberg EU thinks Brexit deal 95% agreed, according to Sky News Fed to return unused portions of the funds allocated to the CARES Act facilities Aecom Tech (ACM) announced that the U.S. Army Corps of Engineers (USACE), Omaha District selected the firm to design the renovation of the U.S. Air Force Academy’s 700,000-square-foot Sijan Hall Alaska Air (ALK), Hawaiian Airlines, Jet Blue and Swift Air awarded $697 mln in contracts under Domestic Airlift Charter Services, FAA Part 121 Amazon (AMZN) will remove HBO from Amazon Channels next year as part of a concession to WarnerMedia, according to CNBC.com AMC Networks (AMCX) has begun a restructuring plan to streamline operations, which includes job cuts Amgen (AMGN) has provided notice to Cytokinetics (CYTK) of termination of its collaboration and its intention to transition the development and commercialization rights for omecamtiv mecarbil and AMG 594 Aon (AON) authorizes additional $5.0 bln share repurchase program Arcutis Biotherapeutics (ARQT) announces positive topline data from phase 2b Study of ARQ-154 (Topical Roflumilast Foam) as a potential treatment for scalp and body psoriasis AstraZeneca (AZN) reports AZD1222 vaccine met primary efficacy endpoint in preventing COVID-19; showed vaccine efficacy of 90% when AZD1222 was given as a half dose Becton Dickinson (BDX) announces streamlined reporting capabilities for COVID-19 Data Bicycle Therapeutics (BCYC) settles patent dispute with Pepscan Systems B.V. Blackstone (BX) aiming to raise at least $5 bln for second Asia fund, according to Bloomberg Boeing (BA): Delta (DAL) CEO Ed Bastian suggests company will purchase Boeing 737 Max aircraft, according to Financial Times Canadian Solar (CSIQ) signed a power purchase agreement with BTG Pactual and was awarded with two projects in a private auction by Furnas Centrais Elétricas CytoDyn (CYDY) reaches enrollment target of 293 patients for 2nd DSMC interim analysis of phase 3 covid-19 trial and expects to enroll the remaining 97 patients in the next few weeks to complete the trial this year Cytokinetics (CYTK) regains rights to develop and commercialize omecamtiv mecarbil and AMG 594 from Amgen (AMGN) Deutsche Bank (DB) looking for takeovers and joint ventures in payments processing, according to Financial Times Eiger BioPharma (EIGR): FDA approves Zokinvy for HGPS or Progeria and processing-deficient Progeroid Laminopathies Eli Lilly (LLY) announces that bamlanivimab (LY-CoV555) receives interim authorization from Health Canada as a treatment for COVID-19 Geo Group (GEO) announces decision by Federal Bureau of Prisons to not rebid its contract for rivers correctional facility Gilat Satellite (GILT) names Adi Sfadia as CEO IAMGOLD (IAG) announces temporary workforce reduction at its Westwood Gold Mine Invitae (NVTA) confirms the FDA accepted the submission of a premarket approval application for a companion diagnostic claim for STRATAFIDE on Nov 18 Kindred Biosciences (KIN) completion of the upcoming pivotal efficacy study for KIND-030 is now expected in the first quarter of 2021 due to a delay in receiving appropriate vendor reagent material McCormick (MKC) increases quarterly dividend to $0.68/share from $0.62/share Microsoft (MSFT): LoupVentures publishes article that says interest in PlayStation 5 outweighs the Xbox Series X, but for MSFT it's less about console sales in the launch window and more about an ecosystem Moog (MOG.A) authorizes share repurchase program for 3.0 mln shares of Class A and Class B common stock Neenah (NP) renews share repurchase plan for up to $25 mlnv Pfizer (PFE): Plans to rapidly roll out COVID-19 vaccine in Latin America after it gets EUA in US, according to Reuters Pfizer (PFE) and BioNTech (BNTX): FDA has scheduled a meeting for December 10 to discuss the request for EUA of a COVID-19 vaccine Regeneron Pharma (REGN) receives Emergency Use Authorization for REGEN-COV2 antibody cocktail Rigel Pharma (RIGL) and Medison Pharma announced that Health Canada has approved the new drug submission for TAVALISSE for the treatment of thrombocytopenia Rise Education (REDU) appoints new CFO Sanofi (SNY) receives EC approval for MenQuadfi Schrodinger (SDGR) announces a multi-target drug discovery, development, and commercialization collaboration with Bristol Myers Squibb (BMY) Sculptor Capital (SCU) appointed Dava Ritchea as Chief Financial Officer STORE Capital (STOR) received rent payments representing 90% of contractual base rent and interest for the month of November Summit Therapeutics (SMMT) announces that Dr. Mahkam Zanganeh has been appointed as Chief Operating Officer, effective immediately Teck Resources (TECK) increases its steelmaking coal sales to China for Q4 Twist Bioscience (TWST) announces positive preclinical data for SARS-CoV-2 antibodies Village Farms' (VFF) Pure Sunfarms receives cannabis research license for on-site sensory evaluation from Health Canada / Pure Sunfarms Brand debuts internationally Williams Cos (WMB) reached a global resolution with Chesapeake as part of Chesapeake’s Chapter 11 bankruptcy restructuring process Wynn Resorts (WYNN) lost efforts to partner with Sinclair (SBGI) sports networks, according to the New York Post
Good luck everyone, have a great day, it’s Friday! Of note for Energy names (XLE, XOM, CVX), the IEA, in fitting with EIA, raised its 2020 oil demand outlook, but cut its 2021 view due to the improved outlook this year. However, it noted that risks were skewed to the downside. Of note for Casino names (CZR, WYNN, LVS) announced it will reopen its Bally’s on Las Vegas Strip on July 23rd. However, Nevada has ordered bars in Clark County, where Las Vegas is, to close on Friday. Of note for PC names (DELL, HPQ), Worldwide PC shipments rose +2.8% Y/Y in Q2 2020, totalling 64.8 million units, according to preliminary results by Gartner. IDC data reported Q2 20 shipments rose 11.2% Y/Y to 72.3mln units. “Early indicators suggest strong PC shipments for education, enterprise, and consumer, muted somewhat by frozen SMBs,” said Linn Huang, research vice president, Devices and Displays at IDC. “With inventory still back ordered, this goodwill will continue into July. However, as we head deeper into a global recession, the goodwill sentiment will increasingly sour”. Market share: HP (HPQ) 25%, Lenovo 24.1% (LNV GY), Dell Technologies (DELL) 16.6%, Apple (AAPL) 7.7%, Acer Group 6.7%.
Merck & Co. (MRK) Animal Health Unit received FDA approval for its Bravecto Chews for dogs of 8 weeks and older; it is a once a month treatment for fleas and prevention of fleas. Pfizer Inc. (PFE) - BioNTech (BNTX), who is partnering with Pfizer to develop a COVID-19 vaccine, says they are confident it will be ready to get regulatory approval by year-end; expects to begin Phase 3 trials (N=30,000) by July-end. CEO said several hundred million doses could be produced even before approval, and over 1bln by the end of 2021.
Amazon.com Inc. (AMZN) plans to create at least USD 100mln in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant; AMZN is aggressively expanding into self-driving technology, announced in June it had agreed to acquire the Silicon Valley company, for USD 1.3bln in cash, which it hopes to close by September. Facebook, Inc. (FB) – A bug in the Facebook Software Developer Kit (SDK) is causing major third-party iOS apps, like TikTok and Spotify to crash on launch. The SDK enables account logins through Facebook and enable apps to integrate Facebook within the app for analytics and advertisements. Gilead (GILD) released additional data on remdesivir for COVID-19: was associated with an improvement in clinical recovery and a 62% reduction in risk of mortality; 74.4% of treated patients recovered by day 14 (vs 59% of patients receiving standard of care).
S & P 500
AbbVie Inc. (ABBV) - Allergan announced it received FDA approval for its supplemental Biologics License Application (sBLA) that supports the expanded use of BOTOX for the treatment of spasticity in patients aged two years or older. Energy Transfer’s (ET) fight to stave off a shutdown of the Dakota Access oil pipeline now heads to a federal appeals court after a district judge rejected a request to freeze an order that operations of the pipeline be halted by August 5th. Ford Motor (F) announced the 50% staffing restrictions imposed on plants producing car parts in Chihuahua, Mexico is not sustainable, as US plants are running at 100%. The US ambassador to Mexico stated Ford “may have to shut some US car plants as early as next week if they fail to receive Mexico-produced engines”. Simon Property Group Inc (SPG) and Authentic Brands are considering a bid for retailer Brooks Brothers Group, as is WHP Global, reports WSJ citing sources. The move would be the latest in which property owners are looking to purchase large renters who use their property to keep its business strong. Previously SPG has considered buying bankrupt JC Penney. Tyson Foods (TSN) is looking towards automated butchers amid the COVID-19 pandemic, according to WSJ.
Barrick Gold (GOLD) sent a dispute notice to Papua New Guinea over the government’s refusal to extend a mining lease in the Porgera valley. Cannae Holdings (CNNE) and the Senator Investment group, who are trying to acquire CoreLogic (CLGX), have reportedly hired a proxy solicitor, DF King after CLGX rejected the unsolicited USD 7bln offer. Express (EXPR) announced 95% of its stores are open and its strategic transformation remains on track, while traffic and sales have steadily improved with e-commerce being positive in June. “Comparable sales for open stores sequentially improved from down over 50% in early May to approximately negative 15% by the third week in June. Traffic also improved, from approximately negative 65% in early May to approximately negative 30% by the third week in June. As COVID-19 cases began to spike in several states in late June, the Company saw declines in both sales and traffic in Arizona, California, Florida, and Texas, which were significant enough to impact total results.” Taiwan Semiconductor Manufacturing Company (TSM) reported double-digit sales growth in June; sales were approximately USD 4bln, +28.8% M/M and +40.8% Y/Y. Revenues for the H1 period were around USD 21bln, +35.2% Y/Y. Tencent (TCEHY) is in exclusive talks to purchase Hong Kong game developer Leyou Technologies, according to CNBC. WD-40 (WDFC) Q3 20 (USD): EPS 1.06 (exp. 1.07), revenue 98.2mln (prev. 114mln).
Additional US Equity Stories
Intel Corp. (INTC) has reportedly delayed another major near-term server project, according to SemiAccurate, who reportedly has multiple sources confirming this new delay and none are optimistic about the new schedule. Gilead (GILD) Former FDA Commissioner Gottlieb says the Gilead (GILD) remdesivir data is very encouraging but needs to be confirmed in a prospective trial. United Airlines (UAL) reached a deal with a pilot union representing 13,000 employees regarding voluntary furloughs and early retirements. Nvidia Corporation (NVDA) had a PT upgrade at Rosenblatt Securities to USD 500 from USD 400, noting a secular shift into data-processing units and the co.’s entrance into new markets will drive revenue growth for the co. Carnival Corp. (CCL) preliminary EPS USD -6.07, Adj. EPS -3.30, revenue 740mln (prev. 4.84bln); expects future capacity to be moderated by phased re-entry of its ships, sold one ship in June, has agreements for the disposal of five ships. In total 13 ships expected to leave fleet represent a 9% reduction in current capacity. Reduced operating costs by over USD 7 billion on an annualized basis and reduced capital expenditures also by more than USD 5 billion over the next 18 months. H2 monthly average cash burn expected at USD ~650mln. The company currently expects only five of the nine ships originally scheduled for delivery in fiscal 2020 and fiscal 2021 will be delivered prior to the end of fiscal year 2021. Apple Inc. (AAPL) Apple Silicon 13.3-inch MacBook Pro to go into mass production in the fourth quarter of this year, but also now predicts we will see an Arm-based American Airlines (AAL) has threatened to cancel some Boeing (BA) 737Max orders, a sign of deepening financial stress in the aviation industry.
Hey Vegas! I forgot I wanted to make a "trip report" style post, but it may be a little late to do so and probably didn't take enough photos. I live in Phoenix so I end up going roughly 4 times a year or so. I referenced this sub quite a bit over the past couple months as I was eager to get back, and wanted to stay informed with the local happenings. Figured I'd share my experience with anyone that may be lurking and wanted to get a lay of the land, if anyone has any questions, let me know! I drove out Friday evening, and arrived around 6pm. I stayed at Caesar's Palace, and was able to get both Friday/Saturday night comped, just had to pay resort fees. I'm sure if you're reading this you already know this, but you should ALWAYS have a players card and use that card when booking rooms. I'm not a high roller by any means, but I do play regularly while i'm there and almost always receive comped rooms at mid range Caesar's properties. They are encouraging using self check in kiosks, and you need to have your temperature taken when checking in, I passed the test, and went off to the room. The rooms have roughly 6x6 square stickers that they place on the crease of the door after it has been serviced, indicating it has been cleaned and is safe to enter. The room seemed to be as clean as normal, but it is my understanding they are sanitizing high touch items (phone/glasses/remotes) much more thoroughly. Seemed good to me. The only downside of the room was the screaming infant next door (I will never understanding bringing small kids to Vegas). Showered up and changed, threw some beers on ice, and hit the casino floor. I was happy to see that masks were required at BlackJack, and tables were limited to 3 people. I was not thrilled to lose a few hundred bucks in 15 minutes. Decided to try my hand at some video poker, I always play $5 credits and play max. No luck, and dusted off another few hundred pretty quickly. I was down to my last $300 I was willing to risk for the night, and started to make a mini comeback on video poker. I switched to $10 credits, played max bet, and drew 2 4 5 6 spades and an offsuit king........held the 4 straight flush cards and BANG, nailed the 3 of spades for a straight flush, my first ever on VP, and nailed a $2,500 jackpot. Got the hand pay and promptly cashed out. Ran back to the room to drop most of my winnings in the safe and heard the small infant was still crying. Time for tip #2, which I'm sure most of you know, "the $20 trick". I think being friendly and casual with the staff is most key with this. I approached the front desk, and explained to the gentlemen I just checked in to Julius tower, but there has been a child screaming consistently next door and I'd like to change rooms. I put my ID and my room key on the counter, along with $30 and said "If there is anything you're able to do in terms of a complimentary upgrade, I'd greatly appreciate it, I am not concerned about which tower i'm in". He spends some time on the computer and says he found me a Jacuzzi room with a view of the pool, and he thinks I'll really like it. Grab ID and new room key, and leave the $30 on the desk for my new friend at the front desk. Get to the room and it is a massive upgrade from the one before. It is palace tower, Jacuzzi in the bathroom, and easily twice as much room with a big L couch in the corner, with a great view of the pool. Thankful for the screaming kid, and you should ALWAYS tip your front desk! Back to safety of the strip, got caught rambling there, had a great time. I think Vegas is doing a good job of enforcing safety for COVID19. There are masks available, sanitation stations everywhere, and most games offer physical distancing. I will say that craps and roulette at Caesar's were both very full, with no effort other than sanitizing dice. The Wynn did much better with plexiglass everywhere. As an avid poker play, I have never seen casino chips this clean. It is clear they're cleaning them often, as they should. Caesar's will not clean your room while you are there, however they will deliver towels or toiletries upon request. Room service for food was unavailable. Restaurants were limited, but still plenty of good options, and dining felt very safe with staff wearing masks and social distancing. TLDR: My opinion is that of a healthy 20s male with no underlying conditions. I use PPE in public more for the safety of others than myself, as I have a strong likelihood of being okay if I contract COVID. I feel Vegas is doing a good (not great) job of cleaning protocols and enforcing social distancing. If you are on the fence about going, and you are healthy/do not come in regular contact with those at risk, I suggest you go. As always, practice good hygiene and respect distance. There is still plenty of fun to be had in Vegas. Enjoy yourself, and tip your front desk agent!!
I'd just like to shed some insight on how Caesars is handling the Covid pandemic. I've been an employee for Caesars for over 5 years now. My job consists of going between all 9 casinos on a daily basis so I get to see the operations of each casino behind the scenes. It's unsettling to me how few people realize how this company had originally planned on handling the city's response before the mandated shut down. Caesars was intent on staying open after many competitors announced they were shutting down in an effort to keep people safe. It was clear we were attempting to poach business from competitors as the higher ups were gleefully bouncing around bragging about the opportunity to instill brand loyalty and pump their numbers up. We reassured thousands of people that we would be open and were not shutting down. "But don't worry!" they said, "We have new safety protocols to keep everyone safe!" These measures to keep people safe were shutting down every other slot machine and limited hours in a restaurant. They did not enforce social distancing just encouraged it. There were no masks, no enhanced cleaning, and no provided PPE for employees at any point before the shut down. During the shut down they naturally required a select few security employees and surveillance/maintenence people to stay on. They turned off the AC in the casinos and due to the immense rush of a last minute, mandated shut down (my boss called me 2 hours before the announcement), things were rushed and left half-assed or blatantly ignored. You can imagine the fun smells coming from an uncirculated, hot casino when things aren't cleaned properly. Furthermore, the employees required to work were given forced schedules and denied any time off. The way Caesars works time off now is that you need to accrue time off by working. A lot of these people had capped out on their paid time off and were not allowed to use it so they could start accruing more which limits the overall paid time off they're allowed to take this year. Those who were laid off or furloughed were not given any reassurance that they would still be paid and instead were required to sign a waiver stating you'd like to use your paid time off until it's out before having to file for unemployment. I know my department strongly urged myself and my coworkers to opt for this which felt worse as we watched companies like Wynn/Encore announce they were paying their full time employees their wages throughout all of this. Coming back without any vacation time was bad but thinking we were going into this about to take a big pay cut for an unforeseen amount of time was much worse. Nobody knew of the stimulus package before that so many people burned up all their vacation time they had earned for the year. Coming back started with a phone call. The call instructed us that if we did not feel safe we could take 30 days to decide yes or no before our positions would be replaced. We were told because of this call we would lose our unemployment benefits as we were declining work and the company would stop paying our medical while furloughed. Coming in was a sense of relief. Masks, temperature checks, everyone being taught how to clean and use proper PPE procedures. They strictly enforce social distancing to employees in back of house. Everything seemed to be in place. Then you head out to the casino floor, watching as crowds of people shoulder to shoulder well over the 50% capacity we were promised, flooded in without masks. Drinking, smoking, yelling in our faces. It felt as if nothing had changed. All these safety protocols in the back of house disregarded the minute you step onto the floor. Throughout the back of house there's plenty of signs stating front of house employees MUST wear the Caesars brand masks or a disposable surgical type. I asked if I would be allowed to bring in an N95 mask of my own since maybe about 10% of customers were wearing masks and of those 10% maybe 5% were wearing them properly. I was directed to the sign, only the cloth mask and these disposable surgical masks were allowed in front of house. Back of house employees are able to wear custom masks as long as they were work place appropriate. I've been told from security there is over $200,000 worth of plexiglass sitting in storage at the Flamingo that was never set up. I have not verified that is true but they brought it up on their own volition without me asking. These new mask enforcement mandates are a joke. It sounds great until you see the "...unless eating or drinking (and apparently smoking)." So basically everyone in Vegas right? People walking around in droves with masks around their chins and an empty cocktail glass in their hand. You stop and ask them to put their mask on and of course... "But I have a drink!" All of these protocols never hold up when it comes to actually enforcing them. The reduced labor resulting in forced, increased hours, coupled with a low morale from feeling helpless and forced back into an unsafe environment has run its course. This isn't political, I understand the need for our economy to stay afloat. I know people want a sense of normalcy back. Nobody has trained for this scenario but we have tried and tested methods of doing things right that this company continues to neglect or fails to reinforce.
Most small investors don't know how to make money in a bear market. Their stock strategy is "buy and hold." They ONLY buy stocks (and funds) they believe will INCREASE in value. price. Right now they're madly buying Clorox, Netflix, Zoom, INST, Invio, stocks they expect to buck the market. and go UP. What are some investments you could make that will earn you money when you expect stock prices and the overall market to continue to go DOWN? Investments that go UP when the Dow or S&P goes DOWN include A) Selling individual stocks short, B) buying PUT options C) Bonds, D) Certain "Negative" index funds, E) Precious metals, or precious metal funds, mining companies, etc. In this article I'm going to try to convince you to go with "D," Negative Index Funds. A) What is "Selling short?" You "sell" a stock at today's higher price --- agreeing to deliver it in 90 days or whatever -- expecting it to decline in price between now and then. You pocket the difference. For example Apple. With Chinese supply chain problems, Apple is LIKELY to decline in value in coming days. It would be a good stock to consider shorting. Along with WYNN - the casinos. If you sell short, however, and the stock goes up, you still have to deliver it REGARDLESS of what it costs you to buy. OK TO SKIP THIS NEXT PARAGRAPH! What are put options?Aput optionis a contract giving the owner the right, but not the obligation, to sell, or sell short, a specified amount of an underlying security at a pre-determined price within a specified time frame. The pre-determined price theput optionbuyer can sell at is called the strike price Continue reading here: Shorts are primarily for professional investors. You can lose more money than you started with, face margin calls (Send us more cash or lose your initial investment too!) Buying puts isn't too risky, but "writing" or selling them --- Danger Will Robinson! Leave short-selling Apple and Amazon, and writing puts to big investors with deep pockets. Always remember, the market can remain irrational longer than your wallet is deep! D) Negative index funds are one way for SMALL investors to take a position "betting" that the overall market will go down. You can POTENTIALLY only lose your initial investment, and not a penny more. Let me tell you about a couple of index funds that GO UP when the S&P goes down. Like SDS https://www.investopedia.com/articles/etfs-mutual-funds/042716/3-best-etfs-short-sp-500-sh-sds.asp Full disclosure: I own shares in Proshares.com "SDS" fund. SDS portfolio consists of short positions on stocks, and put options on stocks and other derivatives. (I don't know it's exact content, you can download a prospectus) An index fund trades like a stock. You can only (potentially) lose your initial investment. They buy the risky shorts, sell calls, derivatives, .... not you. You buy "SDS" or a similar fund at a lower price and hope it goes up. AS IF it were a stock. My personal investment in the SDS fund has gone from $25/share to $29 a share as the market has crashed. Chart: https://imgur.com/gallery/mV6hC09 When the S&P goes down, "SDS" goes up. Likewise if the S&P goes up, "SDS" will go down. FAST. It's leveraged, approximately 2:1. You win big or lose big. 2:1 not enough leverage for you? They have one that's 3:1. Make money fast or lose it fast. A lot of brokers consider funds like SDS strictly short-term investments. Personally I believe the market is going to be headed down for a long time so I'm disregarding their advice. In the comments below you can get some idea WHY they feel the way they do - issues like "slippage" which is the gradual loss of principle. An investment in SDS or similar should only make up on a part of a BALANCED portfolio. In a bear market that might also bonds, physical gold or a GOLD index fund, cash, plus any biostocks, vaccine companies, web conferencing stocks (ZM, INST) you think might buck the market. Netflix & Clorox, lol! Are index funds without their own problems? Of course not! https://www.investopedia.com/stock-analysis/2009/the-painful-truth-about-leveraged-etfs-sds-sso-uyg-skf0710.aspx Honestly I did not FULLY understand all of these problems when I originally wrote this article, but if you read through the comments, another Redditor has done a GREAT job of clarifying such things as "beta decay." Market swings --- yo-yo'ing --- may also eat into the value of your investment, and we're certainly seeing a lot of those! (A truly professional investor might use a "straddle" strategy to make money on violent market swings. This is beyond MY pay grade...) You can (and should) download a prospectus on any investment you intend to make and AT LEASTtryand read and understand it. https://www.proshares.com/funds/prospectus.html?ticker=SDS FWIW, SDS is one of SEVERAL funds offered by Proshares that tracks inversely with different markets Their funds offer differing amounts of "leverage," the market they track, etc. I was at one time a licensed broker. I am not now. Use your own judgement. Don't do anything just because a stranger on the internet tells you to, ok? I am simply trying to inform casual investors that there IS a way to earn money in a declining market BESIDES "risky"short selling. Most important: Do not ever make ANY investments you do not personally understand!!! Keep reading and researching until you are COMFORTABLE with any investment "vehicle" you intend to buy or sell. Or find a broker you trust. (lol...) About brokers: If they know so dang much, why don't they invest their own money and get rich instead of dialing the phone all day begging YOU to let them manage YOUR money. Being a broker is a job, nothing more. They live on commissions by convincing you to buy and sell often. Their best interests and yours MAY OR MAY NOT OVERLAP. Of course it's all peaches and creams when the market goes up for 11 straight years. Now is the time when it gets sticky... There's gonna be a lot of bad news in the coming days, due to the pandemic. I personally can watch the market headed down knowing its decline is putting a few extra bucks into my account. Hopefully I'll be alive to spend it. TL;DR: An investment in a specialized "negative" index fund like SDS can make you money when stock prices go down (S&P index.) It's "safer" than shorting stocks or options trading, the traditional methods of making money in a bear market. Leave those to the pros!
Hey all! I got a psychological question for all you lovelies rather than a stonk question. Is this an addiction for anyone else? Like it’s getting in the way of my job, I keep looking and beating myself up for making the wrong decisions. Do any of you autists have a healthy career or life? It’s tough to balance. How many of you 🌈🐻 or blue balling bulls are just living in front of your computer? Also, fuck me for pulling out of my puts for Wynn casinos when it hit 55 please feel free to remind me of my retardedness EDIT: I am an addiction counselor, so this has an extra meaning for me lol
Everything I knew about conducting good DD tossed out the window in one earnings report. Im done for now until the market becomes rational again. Trying to justify these price movements is giving me daily migraines, I need a break from this. If anyone still wants to play this stock here's everything that was just COMPLETELY IGNORED in its earnings report yesterday.
43% Decline in revenue
Net loss of over 400 million Q1, -3.54 eps which was -237% below estimated -1.05 eps
Suspended their 5% dividend
Issued $600 million in new 2025 bonds at an 8% yield towards the end of Q1
Still have 2.9 b in cash, equivalents, and restricted cash (bullish, if they are able to reduce cash burn)
Will continue paying their U.S employees salary + benefits through May 15th (I really respect this, but it will result in higher cash burn through Q2)
Q2 Estimate is -1.14 eps, 1.1 B in Revenue. Yeah you heard that right. They will miraculously increase rev and EPS during a historically bad quarter. I mean they've missed earnings 4 times in a row, for sure they won't miss again. /s
Some other financials to consider
Debt to equity ratio of 6
During 2019 traded at an average PE of 70 - for comparison, LVS trades at PE of 11, MGM is at 3
Paying 130 mill per quarter in interest on debt, this will increase slightly with newly issued notes
Assets are depreciating at an average rate of 140 mill per quarter
Where the fuck are S&P and Moodys? It's unclear when WYNN will turn a profit again, are leverage by a multiple of 6, and are issuing 5y bonds at an 8% yield. Credit agencies - DO YOUR FUCKING JOB. Last rating was in Sep from Moodys, where they state
The positive rating outlook reflects Moody's expectation that Boston Encore Harbor, which officially opened June 23, 2019 will ramp successfully during the next 6-12 month period. The positive rating outlook also considers Moody's favorable positive long-term revenue and earnings prospects for the company's Macau, China and Las Vegas Strip, Nevada casino resort assets.
Guess what. None of these locations make money anymore. They probably won't turn a profit for the rest of the year. Why are agencies holding back on downgrading this piece of shit. This stock is up 45% in April. They released most of the info in this post yesterday AH. Stock is up 1% as Im typing this. My puts are toast, probably holding until exp in Sep in case the market decides to suddenly wake the fuck up.
Nevada Governor Targets June 4 Date for Reopening Casinos
Does this continue the upward trend for resorts and casinos such as ERI, PENN, and WYNN, and help MGM? Or do increased operation costs and lower capacity hurt them in the long run? “Casino operators and employees in the largest U.S. gambling market got some welcome news at the start of the Memorial Day weekend: a June 4 target date for reopening. Nevada Governor Steve Sisolak, a first-term Democrat, announced the reopening date Friday. Resorts in Las Vegas have been shuttered since March due to the coronavirus, resulting in a surge in unemployment and a collapse of tax revenue. Sisolak has been under pressure for weeks to reopen one of the state’s most-important industries. He joins politicians in other states who are getting comfortable with the return of large entertainment venues. Casinos in Louisiana and Mississippi opened in the past week. And California Governor Gavin Newsom said Friday his state’s casinos, most of them run by Native American tribes, could open June 8. “We’re putting out guidelines not just for casinos, but card rooms as well,” he said. A March study by the Brookings Institution identified Las Vegas as one of the areas hardest hit by the virus in the U.S., with some 342,000 people, or one-third of the workforce, out of a job.” https://www.bloomberg.com/news/articles/2020-05-22/nevada-governor-targets-june-4-date-for-reopening-casinos
What’s your opinion on the casinos not fully closing?
Heard about the Wynn and mgm and that’s great but what about the casinos that are not closing and are just firing their staff with no pay like Caesars? I was about to be a new employee there, did my orentation, signed my paperwork, came in for the first day and was told I can no longer be an employee due to the virus. They pretty much told a room of 50 people good luck with everything we don’t know when we’re going to call you to start your jobs and no you won’t be getting paid while you’re gone like other employees. Shit sucks man please tell me other dealers are starting to feel the heat. Feels like they really wasted my time because during the whole hiring process this corona thing started and they should’ve had the foresight to know that they were wasting all of our times because I spent a good month doing all of this hiring process only to be told I don’t have a job still and now all the good part time jobs are taken so I don’t know what I’m going to do
Alcohol, Tobacco and Firearms OR Fluffy's Birthday Party
Saturday, December 18th I wake up and my back is fucking killing me. Megan closed the spa last night and she's quitting her (shitty) second job and her last day is Saturday so she's gone in early to get everything wrapped up and her exit interview. I decide to clean up my garage a bit and get some work done around the house. The morning starts off with some eggs and breakfast sausage with a tall glass of simply grapefruit. Life isn't great, but it could be a lot worse. We are all having a little chat about life, weekends and women as I move charcoal and my dads tools around the garage when suddenly my good buddeh u/fluffy_butternut tells everyone that regular women are not damaged enough for me to enjoy. Not only is this HIGHLY insulting to me, but it reflects poorly on Megan as well. rewind to several months before Mrs. Fluffy emailed the whole reddit gang and told us we are invited to a surprise birthday party for the big guy. She gave us instructions/time/place, etc and everything. She did a TON of work to plan this and it shows. I was under the gun at the courthouse with a trial and I wasn't able to commit to the event and all of us have stuff going on so the odds of anyone being able to make it were not good. However, I kept her email, and her cell number on a burner. cut to present https://www.youtube.com/watch?v=cyLdtG7KZvw Did he really go there? He really went there. It's fucking on like Donkey Kong. I pull out a burner and send a message to Mrs. Fluffy asking her if the plans are still the same. She tells me when he will be arriving at the venue and I tell her I'm gonna make a big fucking scene. She is ecstatic at this idea. I grab my packed bag from the closet and jump in the F350. I grab two organic bean to bar 88% endangered species chocolate bars for Megan and I stop by her work. She's busy, so I leave the chocolate for her at her station. I give her co-worker a note to hand to her when she gets out. "Dear Megan, out for revenge. Back tomorrow - Will." I start driving to MSY and traffic down I-10 isn't bad for a saturday. I phone Delta on the way there and book tickets for the flight. The only thing available is MD88 service connecting in Laguardia. In First. Being no stranger to the slightly elevated service and highly elevated price business model, I book the flight. I'm a little early so I make my way to the nearly brand new Delta Sky Club at MSY. It's new, the gumbo is tasty, the wifi is fast. Life isn't bad. Until I get the phone call from Megan. Me: Hi sweetie Megan: what the fuck does "out for revenge mean?" Me: It means I'm out for revenge. I gotta do some things. Megan: What things? We're supposed to have dinner with my brother tomorrow night! Me: Uh. It's a long story. How was your exit interview? Megan: It was fine. I'm leaving early today. Me: Did you go back to your station yet? Megan: No Me: You should stop there again before you leave. Megan: Why? The airport PA screeches boarding announcement for my flight. Me: They're calling my flight. I gotta run. Megan: Flight? What? Me: Gotta hop. Buy potatoes. See you tomorrow night! I hang up and hightail it for the gate. I pop in and see the pilots before we leave and ask them what are the odds we get 31 via the expressway today. He says he was just loading it into the box. I tell him the last time I did 31 via the expressway into LGA at the Delta Museum sim, it was not good. In fact it was the worst thing to hit new york since a bunch of muslims on a tuesday in September. He laughs. The ride into LGA is smooth as the HMG STG delivery schedule. New York is WINDY as fuck today and bumpy. I peer out the window of the left side of the plane and I get a beautiful close up photo of the statue of liberty and Ellis island. Wait. We're supposed to get 31 via the expressway. We should be on the localizer for LGA runway 4. That puts us right over my aunts place in Bay Ridge looking at the Verazanno. We're not getting 31, they're probably going to take us up over central park, back over da bronx and then in via 22. Sure enough, we land on 22 and I ask the pilots what happened and they said the winds shifted and they had to turn the airport around. Eh, no biggie. I've seen it once, I'll see it again. It's a great approach to fly and if you ever get to experience it, it's fucking magical. We land at LGA a few minutes late and the weather is cold, crisp and windy. I have a short connection but I head to the LGA sky club in terminal D. Life is good. I crack the laptop and do some work and as I close the laptop as they call my flight I see the very beginnings of light snow. I'm from Louisiana. I've never seen snow before. This scares me. I walk to the gate and I board in group 1 and take my first class seat. The plane is half empty. I walk up and chat with the pilots and they tell me that with the snow we are going to deice with type 1 fluid and anti ice with type 4 fluid. We will be a little delayed. As I gaze out the window from my seat, it's snowing and blowing even more. Ten minutes later, the boarding door closes and we start to push back. Conditions have worsened significantly. We can't see the next plane in front of us, things have turned into not quite whiteout but very concerning to this southern boy. The pilots tell us we are number 3 for the deicing truck and I gaze out onto the runway. It's whiter than an Ohio MAGA rally. Fuck me to tears. We deice as I check the weather in Pittsburgh. Rain/Freezing rain/Snow/wintry mix. I've never driven in snow. Fuck. Pucker factor increasing. I pull out my burner and send a message to Mrs. Fluffy and tell her I'm at the deice pad and will be there soon. We have a bumpy ride all the way across Pennsylvania and land about 30 minutes late. Hertz has me in the presidents circle but there is not a single car with local plates. I downgrade to a 2020 white Toyota Corolla since it's the only thing with PA plates on it and I hightail it to the venue. I talk to the waitstaff and tell them I'm crashing the party and ask them to get me a tray and a vest with a nametag. The staff is laughing their ass off at my idea. I message Mrs. Fluffy and she thinks the idea is HYSTERICAL. She can't wait. I tell her I'll be there at 645. T minus 60 minutes until Fluffy Arrival I've never been to this part of Pennsylvania. To be honest, I am a Philly guy. The people there are angry, drunken, profane and love cheese steaks. They're my kind of people. I've never been to a Sheetz or Primanti Brothers. However, fluffy tells me some stories about how he and his wife have a good time over at the meadows. I have NEVER been to a racino before, and ever since I was nearly arrested at Wynn Las Vegas - I've been a little scared. However, it's just down the road and as some of you know, I just came into a shit ton of money. This is not going to end well. I drive down interstate 79 and whip into the north parking garage at The Meadows. My pre-packed bag has four days of clothes, underwear, socks and PJ's, two kruggerands and $10,000 in cash just in case i need to flee the country. I pull out the ten dimes and make my way into the racino. The Meadows is HUGE. I get past the security checkpoint and walk around and I don't see any table games. I see a large well appointed poker room and see two craps tables working at the other end of the hall. I have no idea what table limits or odds are. I saunter up to the table. Me: How's the temperature guys? Degen1: Eh it's up and down. Me: As long as it's not as cold as outside amirte? Degen2: haha yeah yinz been outside today? freezing rain and that! Me: I don't know these words but whatever. The point is on 6. I drop $10,000 on the table. Me: Change only. Gimme 1 small and 9 thousands. Pit Boss: do you have a players club card? Me: never played here before, don't worry about it for now. Pit Boss: Okay! The dice come out, it hits jimmy hicks and the dealers pay out all the bets. I look at the table, the minimums are $5 and everyone has pass line and numbers. NOBODY has true odds. Fuck it. Time to show them how it's done. I drop $10 on the pass line. Dice are out. Point is four. I look up and down the table and nobody is making odds bets. I look down at my rack and drop $100 behind my bet. Dice come out. Six hard. Me: Hey pit boss! How much can I put behind the line? Pit Boss: We'll let you go to 10x, so we can take $100 on your pass line. It looks like you got $100 there but we'd count it out and if you were over we'll give you the extra back. Me: solid, thanks! I look down at my watch. Fluffy is due to arrive at 1900hrs. I told Mrs. I would be there at 1845. It's 15 minutes to drive from the garage to the party which means I need to be on the highway at 1830 which means I need to be out of the casino and cashed out and walking to the garage by 1825. She sends me a message asking me where I'm at. I tell her I'm at the meadows and.....fuck it's 1821. Fuck it. Go big or go home. I take my pass line up to $500 and shove $5000 behind the line. Everyone at the table is looking at me funny. I give $2400 to the dealers and tell them to split me the 6/8. Pit Boss: are you SURE you don't want a players club card? Me: no time! throw them bones! The whip slides the dice over to the fella next to me. He throws. Dealer: Four hard, four the hard way, four. Everyone at the table is looking at me funny. My $500 pass line bet has paid even money. The $5000 behind the line pays true odds on a 4, at 2:1. I look down at my watch. 1829. The dealers are stacking and distributing chips with a fervor. Me: Take down my 6/8 and color me up. Dealer: You got it boss! As they color up my chips, I tell Mrs. fluffy I just won a ton of money at the meadows and I'm cashing out now. I take a $100 chip, hold it up and ask if the dealers want to play it or drop it Dealer: It's up to you man, we don't mind. I plant the chip down on the pass line and tell them put half on the pass line ferda boys, drop the other half. They all LITERALLY clap and thank me. Me: One more thing, where's the cashier? They point me to the cage with the aplomb of a new airport ramper. I leave the casino with a giant wad of cash bulging in my jeans. There's no line and they count out all my cash quickly. I look down at my watch as she's counting out the last of the small bills. 1835. Fuck. I'm going to be late. I hate being late. I jog out to the north garage and hightail it back up interstate 79. I have never driven in snow, at night, or for that matter driven in Pennsylvania before until now. It's snowing, it's dark, the speed limit is 55 and I am the SLOWEST guy in the right lane at 80 and people are passing me going WTF ARE YOU DOING GET OFF THE ROAD judging by the horns and the flashing headlights. I am HAULING ass back up to the venue and I park the Toyota in a handicapped spot as I race into the venue. I find Harriet, the party planner she hands me a vest with a nametag. My transition from Will the gun dealer to Mario the waiter will completed as soon as he arrives. I get fluffy's favorite drink and a plate of some food set up on a tray and I hide in the back waiting for his arrival. Here's a photo. https://imgur.com/yZP2FuI As if it were choreographed to the minute, Mrs. Fluffy walks him in the front door at 7PM to a room full of people as a birthday surprise. He had not seen it coming. He begins making the rounds seeing everyone and saying hello. It's a big party so it takes some time. I hang back for a few minutes and let him do his thing and I give my phone to one of his friends and tell them to get this next part on video as I put on the vest and adjust the nametag. Friendo: Sure thing "mario" Me: shut up and just do some good camera work! I take the tray of beverage and minature charcuterie plate over to fluffy as he's greeting the party guests and sneak up behind him. He's taking his grand old time working the room. In my best italian Pittsburgh native accent I can muster, I'm holding the tray and I walk in front of him and put on a great big smile. Me: Can I get yinz something to drink? Or some charcuterie and that? Fluffy: ....... (I now feign anger) Me: OR IS THIS FOOD AND BEVERAGE NOT DAMAGED ENOUGH FOR YOUR LIKING?!?!?!??!?!?! YOU FAT DIABETIC OLD FUCK! Fluffy: What.....are you.........doing here? Me: Mrs told us about it and I figured I should give you a hard time after your comments this morning. Would you like some food? You know, airplane noises make the food taste better. Or are you a little too old for that? Lets give it a try! (I grab a carrot stick and fly it into his face by making very loud airplane noises in a ballroom full of fluffy's closest friends and family making a gigantic scene with people wondering is this a joke or what horrors are about to come next. No, this is not a joke, this really happened. Ask anyone who was there.) Fluffy: I'm good thanks Me: you sure? (more airplane noises followed by a carrot slice raping his mouth) Fluffy is shocked and awed. I tell him to go work the room and to have a happy birthday party. There's an open bar and I help myself to a double ginger ale, neat. I find some millennials and we chat about Hawaiian shirts and stuff and they think my comedy is HILARIOUS. Unlike most of reddit. Fluffy saunters over and we chat some more and he's wondering WTF. I told him the wife planned it all months in advance. Fluffy: You know u/xxxwirtydhorexxx is here. Me: That's really funny. Fluffy: No, he's really here. Me: Bullshit. Then where is he? Fluffy: He's right in front of you, 12 o'clock. I don't see him. Then I look down and there's a guy in a boonie hat. I didn't recognize him without the dress. Me: Oh dear god. He's really here isn't he? Wirty gets up and walks over and he's like HI! I THOUGHT IT WAS YOU! We have a bunch of really really awkward conversation that involves him inviting me to sit next to him and me running over to Mrs. Fluffy asking her to save me from wirty. She finds a spot at her table by her kids for me. I forget his present, even though his wife said no presents and there's a table full of booze, scratchers, and gun stuff. I drive back up to the hotel to grab it and give it to him. He has no idea what it is. You all should ask him about it. I give it to him and Wirty starts complaining about normies. Fluffy: Where are you staying? Me: The Hilton just down the street Fluffy: Oh, the one on the top of the hill? Me: That's why it's the HILL-ton. Everyone groans. Me and wirty talk and he weirds me out and demands to stand next to me in the group photo. I tell more jokes and the millenial group loves me. We close the place down and head back to fluffy's hotel. BOY HOWDY LET ME TELL YOU.........if you thought MY stories were longwinded and pointless you have not met some of fluffy's friends! His local raconteur buddy was telling us at 145AM his story about being fucked by the Virginia state police for speeding. Yeah. I dump him off at his hotel and I head back up to my room. It's 3AM by the time I shower and sleep. SUNDAY JANUARY 19TH 2020 My alarm wakes me up at 9AM. My back is killing me. My head is pounding. It's 21 degrees outside. Fuck this noise. I go back to sleep. The hotel phone rings. Me: Go for Hayden Operator: I have a fluffy butternut on the phone for you. Me: Go ahead and connect us Operator: Thank you (sound of dial tone) I'm not making this up. I grab my phone and call fluffy and we have brunch at the meadows with the mrs. It's fun, we talk guns, life, liberty and the pursuit of extra sides of marinara. I hang out with them at the slot machines until it's time to head to the airport. I gas up at the sheetz next to the racetrack and I fly back home in coach since my status on delta is radioactive dirt. The incoming flight is late from Atlanta which means we leave late for Atlanta and i get back home 2.5 hours later than I expected. Laundry is running and I am unpacking as Megan walks in the door. Me: Hi! Megan: Hi. Back from revenge so soon? Me: Yeah. I'm actually late. How was dinner with your brother? Megan: Good. He took me to olive garden. So tell me what was so important you had to go out for revenge and come back the next day? (I tell her the story) Megan: Wait a minute. Your friend insulted you as a joke, so you bought a last minute first class ticket to new york and pennsylvania to fly to his surprise birthday party to yell at him in person, in january in 21 degree weather? Me: Yeah. Megan: Why would you do that? Me: Well he said that you're damaged goods. He wasn't insulting me, he was insulting you. I didn't like that. Megan: You cannot be serious. Me: I am serious. Megan: and don't call you Shirley? Me: You're weird. Megan: I'm not the one that just flew across the country to go "out for revenge", and I'm the weird one? Me: (goofy smile) Megan: (goofy laughter) Have a lovely holiday weekend everyone!
Hey everyone, I have bartended in Irish pubs, Mexican restaurants, and Gastro burger style joints. I’m looking at bartending at a casino that is opening up soon in Boston. Can you tell me what it’s like to bartend at a casino? Things I could expect?
Nevada News - Nov. 12 - 14 Paywall article links in text post: Biden in Elko; Wynn Court case; CSN Faculty in year 4 with no contract; LV Pipeline case; Sage Grouse land removed from auction; What it cost NV to recruit Tesla; and more
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