China has been a big purchaser of US Treasuries. Now they are a net seller of US treasures. The US Treasury market is weak. Will this cause the US stock markets to crash? Will the US government become even more broke?
If you're right with respect to no REIT announcement next week, then look for a drop to $15 unless of course growth in REVPAR is decent ( 4%)
bad june gaming # didn't even slow it down. It might be time to test $19/$20 yet this week.
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However the market may already have priced that into the stock.
MGM lost over $20M from Rockin Rio and you could look that up to confirm it. They also diluted us shareholders with almost a 20% increase in the amount of shares added to the float making EPS look bad. So it's not possible for the #'s to even look good this quarter. Yes MGM will make money but they won't even beat over last year. EPS targets are even lower then last year. Plus we known they are making less money in China and we know they are taking huge hits in the delays in springfield.
All the CEO does is talk with no follow through. We will not get a reit this year but we will get cheap talk that they are working on it. blah blah blah. The market won't buy it anylonger. Land and Buildings nailed these guys and nothing has changed.
That being said I don't know why this stock is this low but you can see that the market loves to hate it.
MGM stock has been in a general range of low twenties/high teens for the better part of a year. That's down from 28. It's been finding a bottom for quite a while. My guess is the next move will be up.
seriously what is the deal with thing? Way undervalued here, controlled by the daytraders, less than a week from earnings and this thing has no life to it!!! any thoughts??
Oh, you hunt for ladies/studs of the evening at the chicken ranches.
I agree with you 100 percent.
What is ironic is the LDS seem to run Nevada, yet the oldest trade in the world exists in certain counties of Nevada. I laugh every time I think about it.
Fleet, I've started a new company to deliver first hand smoke to people. No more second hand, third world, fourth rate, fifth dimension/element, or sixth sense stuff for those who demand only the best! Let me know how many cubic feet you require a month. Am currently trying to book and set up at County Fairs across the country. Watch for the new Clear Smoke coming soon near you!
El Nino will have absolutely no effect if snow does not fall in the correct area in Colorado.
Also, demand for water from Lake Mead exceeds supply of water from Lake Mead.