I don't short stocks but the fact remains, MGM never holds gains, never pays a dividend, never has real insider buying and never buys back it's own stock.
What has the company done for its holders?
Do I need to say more
What are you talking about? I posted this 3/21 and look what the stock has done. up around 30 cents! Look at WYNN, LVS, BYD, Crushing MGM!
$21 stock yipe do da so now $22/$23 and then back down to the teens or maybe just it skips going higher and just heads back down tomorrow or later this week.
I'll park at CVS because I have a CVS card and take tram down to Monte Carlo. Parking and Tram will be free while other will pay $10.00
Moody’s Investors Service said in a Thursday note it was raising its 2016 EBITDA (earnings before interest, taxation, depreciation and amortisation) growth forecast for the U.S. gaming sector to a range of between 4 percent and 5 percent in year-on-year terms.
The previous estimate from the credit rating agency pointed to an EBITDA growth of between 3 percent and 4 percent in 2016.
“Industry-wide expense reductions that casino operators made in 2015 will continue to boost operating leverage over the next year and a half, benefiting operators’ credit profiles during a period of flat revenue growth,” Moody’s said.
It added: “Maintaining more efficient cost structures will be the primary driver of earnings growth for the U.S. gaming sector given Moody’s forecast for relatively flat gaming revenue over the next 12 to 18 months.”
Although Moody’s stated there is “little room for further cuts”, the rating agency expected U.S. casinos would “continue to reap the benefits of their lower cost structures”.
MGM shares are down this afternoon, Gabelli analyst Adam Trivison nonetheless recommends the company "as one on the most compelling stocks in our gaming coverage," Barron's reports.
Its planned REIT IPO will allow MGM to refinance high-cost debt and take advantage of the "tax savings and cost of capital advantage afforded by its UPREIT structure," the firm wrote in a note.
with everyone on wall street in love with mgm stock. the one thing I don,t get why does it ever go up . it has done nothing for the last 3years. 35$ 2017 give up. p.s if it is so great why has nobody offered to by them out.
MGM Resorts-backed REIT MGM Growth Properties files for an estimated $1 billion IPO
MGM Growth Properties, an MGM Resorts-backed REIT with an initial portfolio of 10 gaming properties, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $1 billion.
The Las Vegas, NV-based company was formed in 2015. It plans to list on the NYSE under the symbol MGP. MGM Growth Properties filed confidentially on October 29, 2015. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Evercore ISI, Barclays, Citi and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
Actually, the current guys running this company would probably take all the proceeds for themselves, leaving the shareholders high and dry; as opposed to being hosed like they currently are.