Discussion in 'Casino Industry & Development' started by pd54, Aug 25, 2016.
Any thoughts on MGM stock?
MGM? I have some, bought very low on the bankruptcy precipice, but I'd not recommend buying it now. Pretty much doldrums and they're still saddled with a ridiculous debt load. Jim Murren is probably the best possible guy in the gaming business to lead them out of debtor's prison, but I think I'd probably rather own Wynn, or not buy Las Vegas based stocks at all right now. I don't see any jackpot upside to MGM, do you?
I'm in Ireland so not totally up to date on US stocks (& not even sure I can purchase them) and I've not analysed their figures.
But at a high level I think MGM has a hotel for every budget range so should always do well and have the new arena now, which should do well, so they are well positioned. But this is likely factored into the price.
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