MGM rides the Las Vegas recovery
Shares are down after the company's disappointing quarterly earnings, but this might just be the time to buy.
This guy has to be high, MGM is absolutely buried in a mountain of debt that they will never in a million years pay off unless they can find some more suckers in the middle east they can con.
Vegas has more like 25% unemployment and it's a dead one horse town that will never be back.
We are still number one though!!! that is in high school and drop outs and pregnancies, crack heads and whores. Crime is rampant and cops are shooting anyone that sneezes. God Bless America!!!
I've been going to Vegas for 28 years. That said I have never seen it this bad. Morale is low, unemployment high, talk to any cabbie and he'll tell you how bad it is. Ask any dealer.
Vegas used to be a fun place for a vacation, still is. Now, Nevada could have helped itself out, but they re-elected Reid. They have no one to blame but themselves. Maybe Reid needs to keep the GSA out of Vegas. He needs for Obama to keep his big trap shut. He probably cost 200,000 jobs there with his avoid Vegas speeches.
That said, MGM is takking better care of it's properties than Harrahs. I'll be back in Vegas because there is no gambling experience like it.!
"He probably cost 200,000 jobs there with his avoid Vegas speeches."
Highly doubtful. More likely the housing bubble. Thanks for the expert analysis though.
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
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