Forbes.com, 21 Nov 2008, The Associated Press
Shares of Las Vegas Sands Corp. sank to an all-time low Friday as an analyst slashed 2009 and 2010 adjusted earnings estimates following the casino operator's capital infusion, which led to an increased number of outstanding shares.
Late last week Sands completed an offering of common stock, preferred stock and warrants that provided about $2.1 billion of additional capital. The move more than doubles the number of outstanding shares and significantly dilutes shareholder value.
Read More
