As Long or Short Capital detailed back in May, 2008, Wynn Resports issued $4.4mm shares for proceeds of $660mm of stock at $154, and subsequently bought 2.4mm shares back a mere QUARTER later with the stock trading at ~$95. Despite dropping to the mid-to-low $50's in the interim, I think its safe to say this move was still a shrewd gaming of your own dumbass investors.
(As an aside, in the commentary to said LoSC article, I pointed out how shorting Giant Interactive at ~$16 was a good trade. Long story short, I'm a wuss, didn't pull the trigger, and now the stock trades around $6. Shit!)
Earlier, I finally saw the commercial for Steve Wynn's new hotel/casino in Las Vegas, the completely non-egotistically-named "Encore" on CNBC. Naturally, this has been in the planning/construction phase for years, but uh, from the guy who shorted his own company's stock, you'd think that maybe, just maybe he'd have had the foresight to see that the Resort/Casino industry was in for a few years of serious pain, no?
Alas, maybe Sir Wynn (not to be confused with this Win) knows something we do not.
Presented without further comment for your viewing pleasure (ed: Give the tanning/botox/creepy old man schtick a break, Steve):