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MGM Resorts International Message Board

  • squeezetracker squeezetracker Sep 24, 2013 11:45 AM Flag

    MPEL is the stock to own in the sector

    MGM about to roll over

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    • You clearly have no idea what your talking about on ever aspect at which you speak you are falsely wrong and beyond wrong for that matter.

      Sentiment: Strong Buy

    • Do you prefer "hamsters or gerbils" squeezedork?

      Sentiment: Strong Buy

    • It's best to own both. MPEL will continue to outperform and so will MGM, as long as Vegas continues to improve. Its property in Macau is doing well and should continue growing. Overall, I agree that if you had to choose one, MPEL is a better bet with bigger upside due to its size in Macau and its expansion plans.

      Sentiment: Buy

      • 1 Reply to colgateguy21260
      • When you say "Vegas continues to improve", assuming you know anything about these companies, you must mean the non gaming revenues when you are talking about mgm. Vegas numbers on gaming look decent mostly because of WYNN and LVS flying in their VIP players from Asia on private jets...

        As for MGM's business in Macau/Cotai? They are WAY down the list from a significance perspective. Study the market share data over the last 3 years and you will see that MGM is a distant 5th or 6th share wannabe on a consistent basis. As for expansion there by MGM? MPEL has Studio City, what will be the absolute iconic place for VIP players when in Cotai, coming online in 2016 and will also have the dominant Manilla Bay property coming online in 2016. Additionally, MGM's property is poorly sited vs MPEL's on the Cotai strip and the MGM new property won't be ready for what will be a lifetime from a relevance to share price performance standpoint. MGM also remains saddled with massively outsized debt. If we were going to own more than MPEL in the sector, it would be LVS second, then BYD, then Galaxy and WYNN. MGM is the great short for paired trades, especially given it has already run up WAY too far. Pay attention because MGM's sunny days are about over now.

        Have you ever been in one of the monolithic MGM casinos? All hours of the day, essentially no one is gaming in any of them except for Bellagio which MGM bought as their only legit showplace on the strip from Steve Wynn before Wynn launched his present day company. The unfortunate reality for MGM is that only the conventioneers, college kids and blue collar bus tour budweiser crowd goes to Vegas and stays in super discounted, run down second and third tier MGM property rooms... the real gaming is taking place only at WYNN and LVS there, with BYD picking up all the local small fry players in their cozy casinos that smell like frat houses.

        Go tour Vegas... you can see it all in two nights and have a real sense of it

    • you blind bulls here are a riot... different names than a couple years ago, but the same lack of knowledge and blind cheerleading.

      If you are long mgm, you'd best encourage your industry trade group to book their next budweiser crowd convention on the strip -- it's the only thing mgm makes money on besides award shows. LOL

21.95Feb 26 4:00 PMEST

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