Bought LVS - bluedog - SocialPicks

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Bought LVS
Apr 21, 2008 07:15 PM UTC

bluedog

Return	Risk
-6.77%	MID

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Symbol	Sentiment	Start	Return	Closed
LVS		04/21/08	+12.89%	04/30/08

Via Bluedog:

I bought LVS at $65.00. LVS owns the Venetian and the Sands Expo and Convention Center in Vegas, and is also developing the Venetian Macao resort-hotel in Macao; the Palazzo resort-hotel-casino in Vegas; Sands Bethworks in Bethlehem, PA; and the Marina Bay Sands in Singapore. LVS has dropped more than 50% on fears that a slowing economy will impact the casino industry. It has, but overseas growth is robust. LVS has a PEG of 1.03; a forward PE of 27.97 (versus trailing PE of 198.68); $857m cash vs. $7.57b debt; and a 40.98% 5-year growth rate! Check out the LVS Investor Day presentations I and II. The casinos are soft, so I started with a small entry position. I plan to scale in again at $60.00.

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