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This Quarter's Sentiment:
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SocialPicks Community
Bullish on MGM ...
MGM
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+198.13%
in
240 days
MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States. The companyÂ’s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of September 30, 2008, the companyÂ’s properties consisted of 17 wholly-owned casino resorts and 50% investments in 4 other casino resorts. It has a strategic alliance with the Mashantucket Pequot Tribal Nation, which owns and operates Foxwoods Casino Resort in Ledyard, Connecticut. The company, formerly known as MGM Grand, Inc., was founde...
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Ugly 2009-10 for Casino Operators
MGM
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-16.33%
in
382 days
No conventions, hig-cost capital and much lower gambling turnover is going to hit the casino operators hard.
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Bearish on MGM ...
MGM
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-25.78%
in
24 hours
(closed on 10/11/08)
seems to be doing decently on financing a new project with credit of 7 b but a total funding gap of 1.2 billion remaining. results were also not up to the mark, down from estimates and the market in the short term is looking down at casinos
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Beginning of the end for some...
MGM
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-2.60%
in
1 hour
(closed on 10/10/08)
seems to be going down. as you will note the results are definitely less than extraordinary growth and more than disappointing losses
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MGM is a BUY
MGM
From the Blogosphere
Las Vegas Sands (LVS) Earnings "Ok" but CEO Talk Supports Stock; Hong Kong IPO Approved
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Las Vegas Sands (LVS) is our one truly speculative fare in the portfolio - after sitting on the precipice of potential default banks swooped in [Apr 22, 2009: Wynn Resorts, Las Vegas Sands Amend Credit Terms] and helped both LVS and MGM Mirage (MGM) live despite yawning debt loads. Las Vegas casinos was actually a group I was targeting 2 years ago as one of our canary in the coal mines when CNBC pundits and government officials were denying a recession was possible - while we were saying the house ATM driven, conspicuous consumption era was about to hit the wall. [<>Oct 3, 2007: A Top ...
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Notable Mergers and Acquisitions of the Day: MGM, MS/IVZ, MPS
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<><>Kirk Kerkorian's Tracinda Corporation announced today that it is exploring the possibility of strategic partnerships or other alternatives with respect to its investment in MGM MIRAGE (NYSE: MGM). Tracinda stated it would not engage in any such transaction until after CityCenter, the 67-acre city within a city on the Las Vegas Strip which is fifty percent owned by MGM MIRAGE, has successfully opened on December 16, 2009.Tracinda believes there is substantial unrecognized value in MGM MIRAGE and CityCenter that is not reflected in the market value of MGM MIRAGE’s stock. Tracinda may decide n...
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Is MGM Mirage (MGM) overbought?
In the last 3 months, shares of MGM MIRAGE (Public, NYSE:MGM) have pummeled the short interests, with shares up 86%.
You'd think the Bears would be sleeping with the fishes at this point, but in fact, short interest has risen from 31.7M shares on 08/31 to 41M on 09/15.
Short Interest as % of Float is now up to 48.77%.
read more
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Bookkeeping: Starter Stake in Las Vegas Sands (LVS)
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As I swig on Kool Aid, I've beginning a position in Las Vegas Sands (LVS). I was once worried about bankruptcy here but if MGM Grand (MGM) is considered safe from bankruptcy, LVS is in substantially better shape. We live in a too big to fail society - not just in banks [Sep 3, 2009: Las Vegas Sands - Too Big to Fail?] [Apr 22, 2009: Wynn Resorts, Las Vegas Sands Amend Credit Terms]
I was very bearish on this sector in 2007 and 2008 more on concerns about the consumption crazy American consumer finally needing to act rationally, without his/her house ATM. [<>Oct 3, 2007: A Top in Casino Na...
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Notable Analyst Rating Changes 9/17: FWLT, MGM, GNW, VIA, NUE, USB, CSIQ Upgraded; BDK, BWA, BTU, PCX, KR, NTAP Downgraded
UPGRADES:Goldman Sachs upgrades Foster Wheeler AG (Nasdaq: FWLT) from Neutral to Buy with a $41 price target. ARGUS upgrades MGM MIRAGE (NYSE: MGM) two-notches from Sell to Buy. The firm also set an $18 price target.Deutsche Bank upgraded Genworth Financial (NYSE: GNW) from Hold to Buy, saying the $600 million equity capital raise further improves holding company liquidity. The firm raised their price target from $7 to $18. Click here for more color on the upgrade.UBS upgrades Viacom (NYSE: VIA) from Neutral to Buy. Price target $34. Citi upgrades Nucor (NYSE: NUE) from Hold to Buy. Price ...
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Visit streetinsider.com
Buy it
- Look at what MGM owns. Unless Las Vegas is all going to be leveled, the the hotels that the MGM owns will be back. This is a great value stock. Once pe
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About MGM MIRAGE
- Answers.com
