In a reference to the company's efforts to secure a gaming license in New York, Dumont said, "Having this investment-grade balance sheet also helps us in new jurisdictions, because we have the financial capability to execute on projects we propose." "It gives us access to the largest, most liquid debt market in the world, because it's a very efficient class of capital," he said. When Bank of America analyst Shaun Kelley commented on the earnings call, "You're probably the most under-leveraged gaming company I've ever covered," Dumont said it has been a five-year process to transform the company to be investment grade. So when the stock is cheap, there are buying opportunities, especially when Sands is sitting on $5.6 billion in cash. Goldstein pointed out that the shares are trading as though Covid lockdowns are still in place. Las Vegas Sands President Patrick Dumont indicated the company has shifted how it wants to return capital to shareholders, relying more on buybacks than on the dividends his late father-in-law Sheldon Adelson embraced so publicly every earnings call. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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