MGM Mirage has posted their late filing of their results from the fourth quarter of 2008.
Summary from the company here:
Unless I'm missing something, seems like they intentionally left out some of the worse looking numbers, leaving analysts and readers to compute them for themselves. Loss per share of $4.15? Not good. Occupancy hovering in the 85% range - I was actually expecting a bit worse.
The language in the filing , likely required by auditors, is pretty stark - it spells out the trouble that MGM Mirage is in regarding financing the completion of their projects.
A conference call is scheduled for this evening and this post will be updated once I have time to read the whole filing.
Update: More from the WSJ: http://online.wsj.com/article/SB123732708930762149.html?mod=rss_whats_news_us