and buy the 2016 20, 22 calls right here. The $22.50 are is strong support , could go lower intra-day but if you can hold thru earnings you'll make money imo
Sentiment: Strong Buy
It's all panic sell plus manipulation.
If you believe in your data, stay put.
You say that everyday and nothing changes but MGM's stock price. It goes lower and continues with no insiders buying any stock and the only thing this market cares about is Macau which is stupid but that has been the case so any sales from crystals etc aren't going to matter. Atlantic City didn't even matter.
I'm long and holding my stock but I wouldn't buy anymore.
It doesn't ever seem to stop... Why is MGM down so much today? I understand that Macau is no longer growing but Vegas is growing and the overall business is growing and making money. I'm not buying anymore mgm stock but I will sit on what I have until year end to decide.
MGM has done poorly recently, losses since March is now ~20%.
Based on HK, which MGM USA should have less impact, tomorrow will see the final tank.
Then, it is smooth riding back to top...
Just because a company has restructured their debt once does not mean they will not need to restructure the debt again. The federal government has held interest rates to zero or near zero by buying back government bonds. When the federal government stops the buyback program, interest rates will increase. A company which has been restructuring their debt over and over again at low interest rates will be unable to do so at such low interest rates. If a company needs to restructure their debt, the company will have to pay higher interest rates.
Certain companies have been restructuring their debt over and over again the last few years at very low interest rates during the federal government's buyback program of government bonds. Many of these companies have not actually generated a profit or positive cash flow. They have just been limping along on borrowed money.
For example: A person may keep transferring the balance on one credit card to another credit without ever being able to pay down the debt substantially, or if at all. This same scenario can be stated about numerous companies basically doing the same thing. Eventually, dooms day strikes many of them because they cannot get a grip on their debt and handle the debt load. Unless the company is bought out by another company, the company will go bankrupt.
If Obama grants amnesty to thousands of illegal immigrants, things will only become worse in Nevada.
__________Who knows? According to one Las Vegas TV news report in 2006, 99 percent of the construction work was performed by illegal immigrants. They could not speak, read, and write English. Therefore, obviously, they could not read building plans printed in English.
__________Oh yes, I recall the footings being off over a foot at Harmon Tower. The construction crew was unable to build the tower as high as planned.
In your first paragraph, you state: " The government bond buyback program has held interest rates down and enabled companies to restructure their debts at low interest rates."
In your second paragraph, you state: "A company will be unable to restructure their debt at low interest rates."
BUT I THOUGHT THEY HAD ALREADY RESTRUCTURED THEIR DEBT AT LOW INTEREST RATES (see your first paragraph)!!!!!!!!!!!!!
WHICH is it?