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.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.