As one who knows what's going on, it's becoming more clear that Jim Murren is poised to be one of the best (if not THE best) CEO of 2013, and folks on Wall Street will be talking about him like he's some kind of legendary folk hero IF what I strongly believe will happen happens. Congratulations to all the people who believed in the greatness of MGM Resorts International. If you are a shareholder, hold tight...you will be rewarded. If you are not, you might consider getting on board. 2013 is the year of MGM.
You have got to be kidding he is a horrible CEO .He has lost billions since he took over and he and his cronies have taken millions out in compensation. The stock is pathetic and expenses are through the roof. The City Center is a money pit and they refuse to sell assets to decrease the debt. All they do is refinance to extend the maturities with no reductions.I suggest you find another "hero" or learn more about investing. I look forward to you responding to my comments.
I would be happy to respond to you. First of all, your points are all true. But they are all marked in the past. I am talking about the future. Second, unlike the Fed, they cannot "print" money ad infinitum with their refinances, and at some point, they will have to "show the money' to investors. I believe that 2013 is the year for the turnaround. Third and finally, I personally do not think of Murren as a hero. I am merely presenting to you and others here that he is in a position to be one. You want to be short the stock, be my guest. Let time tell how Murren will be judged.