12 Quotes by Steve Ruggiero

With the high tax rates, this seems like the wisest choice. They are a strong company in their markets so that seems to be the right course to take.

Certainly, the beginning of Chinese New Year helped the January 2006 numbers as it helped February's numbers last year. Every crevice of Las Vegas had strong numbers and this can only point to strong demand for product from Las Vegas locals to Hawaiians visiting downtown alike.

For the slot machine manufacturers, Pennsylvania is a no-brainer.

I think there's no question that Pinnacle will beat the earnings expectations for the fourth quarter. The company is really the big winner during this time.

Let me put it this way: I don't think Pinnacle will take the market to the point where it can't grow anymore.

You can look at the whole facility ? the movement of everything.

This is the highest it's going to go, but it wouldn't surprise me if somebody matched it. Institutional shareholders look at the whole package and certainly that's what the board of directors is going to do. With money being so available now, oftentimes the highest price per share does equate to the best offer -- but not always.

A competing offer is always possible in this heated environment to acquire Las Vegas real estate parcels, but we believe $17 per common share is the appropriate price.

It really depends on who the buyer is. Colony has the flexibility of being a private firm and they're not worried about answering Wall Street analyst questions on a conference call. That gives them an advantage. Certainly, Pinnacle has an edge because it already has a signed agreement, but the question is who can put together best financing package and who wants it the most.