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Ameristar Casinos, Inc. Message Board

  • OEX52 OEX52 May 4, 2009 4:49 PM Flag

    MGM had poor 1st Q results

    I do not think MGM Mirage outlook on the industry is positive due to the economy. I wonder how much Obama stimulus is going to be gambled away at the casinos by American consumers? I am short ASCA and in MHO it is overvalued at these prices. How does ASCA manage to beat estimates on declining revenues reported after a new hotel is opened? Well, no impairment charges, capitalize interest paid to modify debt covenants that otherwise would have been breached, reinstate a dividend to make it appear as if all is well. Sucker in new shareholders...

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    • The sky is falling NOT.

      Can you say cash flow??

      Sure any stock you can find something to worry about. With cash flow these little problems can and should be fixed.

      Check the state websites to see how ACSA is doing monthly.
      (CO, IA, MO, IN, & MS=Vicksburg paper as details)

      btw MGM #s were better than the analysts had thought.

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