Cash In on Melco's Macau Mastery - Barron's - Barron's

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Cash In on Melco's Macau Mastery - Barron's
May 04, 2008 02:00 PM UTC

Barron's

Return	Risk
-16.36%	MID

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Symbol	Sentiment	Start	Return	Closed
MPEL		05/04/08	-69.90%	--

Via Long Investment Ideas from Seeking Alpha:

Barron's magazine says shares of Macau casino operator Melco PBL Entertainment (MPEL) are in for better times after a recent plunge.

Shares are down more than 50% on October highs as investors worried an overabundance of Macao casinos, combined with Melco's remote location, would prevent it from grabbing much market share.

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