ST Alpha - "Huh. MGM Mirage Corp trading at $10.33. That's got to be a tidy little price to buy and hold til the next Vegas up cycle. -- nm" (Reading a Post)

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Huh. MGM Mirage Corp trading at $10.33. That's got to be a tidy little price to buy and hold til the next Vegas up cycle. -- nm

Posted by Name Withheld By Request (aka BlueKopo) Dec 11 '08, 14:58

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Responses:

all the casino stocks have dropped this year. their incomes are down about 25% from last year - black peter Dec 11, 15:05 3
- They can make up the different by giving people deals on weddings and banquets. -- nm - lileve Dec 11, 15:14 1
  - or adjusting the slot machines to pay out less -- nm - zeitgeist Dec 11, 15:40
- I think they tend to make investment mistakes outside of their core business -- nm - Stewie Dec 11, 15:08

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