Who cares if they make 10 cents per share each quarter. they would still be losing $750,000,000 per year. I would think it is more likely than not that MGM will raise some cash up here to pay down some of that debt. it's unsustainable and has to be addressed evenutally. LOL, and they want to plow several billlion into Toronto, maryland, and Massachussetts. Not to mention the milllions they wil need to spend to fight casino expansion in other states.
I was being facetious. I would hope that anyone that is long MGM understands the risk rewards and knows that they have a huge debt load. By all accounts, the situations seems to be improving. That's why is trading almost 8x where it was not that many years ago. It's by no means a low risk investment, but it does have the potential to go quite a bit higher if the debt gets paid down. I was poking fun at the fact that shorts point this out like it is new information.