They believe in their heart of hearts that their comprehensive plan is going to do more than Hilton's 70 per share.
More Quotes from Jason Ader:
We believe management continues to explore strategic alternatives, including potential acquisitions and joint venture opportunities, and as a result, we expect WMS to participate in the consolidation of the equipment industry over the next 12 months.Jason Ader
We definitely expected more consolidation in the industry, although it is always hard to imagine a deal of this magnitude. Mirage's management has underperformed and the stock has languished recently, making it a great opportunity for MGM Grand. But this will have to be a friendly deal if it has a shot of working.
Jason Ader
I wouldn't be surprised if we are talking about an offer from Harrah's on Monday. The real question is, who can get the most synergies out of Mirage's business I still believe MGM is the best match.
Jason Ader
They don't have the ability to get the synergies out of this that MGM does, particularly at the high end.
Jason Ader
The hotel business is on fire. I mean, you look at every major city, and the Four Seasons continues to widen its gap over Ritz-Carlton and other premium brands that are out there. But the reality is, you know, the stock is trading at a huge valuation multiple, over 20 times cash flow.
Jason Ader
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