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#1
07-08-05, 05:22 PM
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Wow -- Doyle tries to buy the WPT!
U.S. poker icon Doyle Brunson has launched a $700 million cash bid for WPT Enterprises Inc. (WPTE.O: Quote, Profile, Research), which owns the popular World Poker Tour television show, the company said on Friday. |
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#2
07-09-05, 01:00 AM
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That is CRAZY.
Wow. |
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#3
07-09-05, 02:40 AM
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Geez, he offered 700 million! - How much $ do u guys think he has made playing poker ?
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#5
07-10-05, 04:25 PM
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An –EV move?
I’ve been reading a little more about this, and have to conclude it is very risky move. I’m no stock expert (though it is interesting how much it has in common with poker, what with calculated risks, money management, and the like), but …
The research reports say for the 13 weeks ended 4/3/05, WPT's revenues decreased 1% to $4.1M. Net loss totaled $1.6M vs. an income of $792K Meanwhile, it’s PE is 51, which is way high. The big thing is to buy the company at such a premium, you are betting the poker boom is not only going to stay at its current level, but actually increase. The majority of WPT’s revenue comes from the TV, and it seems that the airwaves are already saturated with poker coverage. Ratings are bound to fall in the coming months, especially once the WPT has to go up against ESPN’s long delayed coverage of the Series. Then again, Doyle is much smarter than I am. As to the earlier conjunction about how much of his own personal money is involved, I’m only speculating here, but I’d imagine he has a relatively small up-front investment and a relatively large stake in return. His name is an enormous asset, when puts that up, he lends credibility, garners press attention etc, which could be more valuable than a few extra million in capital. Last edited by 2Tone; 07-10-05 at 04:36 PM. |
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#6
12-19-05, 06:50 PM
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I was kinda wondering the same thing after a bid< of that much, wow, He has been around a few years though and always comming back for more, wouldn't that be something for him of all people to be the one to have the control...... |
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#7
12-19-05, 06:55 PM
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also remember guys like doyle get played to pay and show up at events sometimes. His list of endorsements are tres gros. Thats wehre alot of money comes and im sure hes not in it alone. Just b4 i posted this i won a huge pot with 10,2 off suite lol. i was in the big blind so dont think i called with 10,2 lol.
__________________
I'm Ron Burgundy saying, go F--- yourself San Diego |
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#10
12-19-05, 03:23 PM
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Here's the latest on this
The Securities and Exchange Commission Friday said it is investigating poker star Doyle Brunson's $700 million bid earlier this year to take over World Poker Tour operator WPT Enterprises Inc. |
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#11
12-20-05, 12:26 AM
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Wow... that sounds really fishy.
Interesting. |
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#12
12-20-05, 01:17 AM
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I read that about the investigation taking place, that is kinda strange ..... a little more to it i surmise than what the story entails. I mean you would think, well I would anyhow, that a guy should be <legally> able to place a bid for a company or anything else and if he wants to let people know about it ok. Perhaps they think it was a scam for the market hmmmm........
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