Word: brashear
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...definitely could be a sign that valuations are at or near record low levels," says Janet Brashear, a senior analyst at Sanford C. Bernstein & Co. However, she cautions it will likely be 2011 before the market stabilizes and 2012 before it rebounds...
...respectively in the past 52 weeks. But their gains were driven largely by their exposure to the lucrative Macau market, where gaming has been on fire. Indeed, gaming revenue totaled $15 billion in Macau in 2009, which is three times Las Vegas' $5 billion, according to Brashear, and both Wynn and LVS relied on Macau for more than 60% of their earnings in 2009. "The expansion in Asia has been unbelievable," says Brashear. "There's 2.5 billion people within a five-hour flight of Macau, and that's nearly 40% of the world's population...
...Brashear believes MGM would see the biggest rally from a Las Vegas recovery, with Wynn and Las Vegas Sands also reaping benefits...
...DIED. Carl Brashear, 75, first black master deep-sea diver for the U.S. Navy, whose triumph over Kentucky poverty, racism and leg amputation inspired the 2000 movie Men of Honor, starring Cuba Gooding Jr.; in Portsmouth, Virginia. Brashear, a sharecropper's son who finished only the 7th grade, joined the Navy in 1950 and, after four years of pleas, was admitted to diving school?unofficially, it was for whites only?where classmates taunted him with racial slurs and death threats. In 1966, while Brashear was serving on the U.S.S. Hoist, a loose steel pipe careered across the deck and crushed...
DIED. Carl Brashear, 75, first black master deep-sea diver for the U.S. Navy, whose triumph over Kentucky poverty, racism and leg amputation inspired the 2000 movie Men of Honor, starring Cuba Gooding Jr.; in Portsmouth, Va. Brashear, a sharecropper's son who finished only the seventh grade, joined the Navy in 1950 and, after four years of pleas, was admitted to diving school--unofficially, it was for whites only--where classmates taunted him with racial slurs and death threats. In 1966, while Brashear was serving on the U.S.S. Hoist, a loose steel pipe careered across the deck and crushed...