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MGM Resorts International Message Board

  • peoplernuts324 peoplernuts324 Feb 20, 2013 5:16 PM Flag

    $11.75 could be bottom if S&P can reach 1475

    News for 'MGM' - (DJ MGM Resorts CEO Says First Quarter Strong So Far, Expects Industrywide Las Vegas Improvement -Fox Business)

    MGM Resorts International (MGM) Chief Executive Jim Murren said in a Fox Business Network interview that the company has had a good first quarter so far, with an "unbelievably strong" Super Bowl weekend and a "great" Chinese New Year period.
    Earlier Wednesday, the company reported fourth-quarter revenue of $2.29 billion, virtually flat with the year-earlier period, and posted a $1.22 billion loss amid several one-time charges.
    Mr. Murren told Fox Business he expects "profits will be up in Las Vegas for everybody," and predicts MGM will "do better than most given our dominant position."
    Mr. Murren said the economy is now "firmly underway with growth."

    Sentiment: Hold

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21.14+0.42(+2.03%)Oct 8 4:00 PMEDT