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Melco Crown Entertainment Limited Message Board

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  • vlahosa2000 vlahosa2000 Oct 3, 2007 7:19 PM Flag

    read this! the street knowns!

    this is written 10/03/07
    There also remain a few good buys in the lodging and casino space, such as portfolio holdings Melco PBL (MPEL - Cramer's Take - Stockpickr) and Starwood Hotels (HOT - Cramer's Take - Stockpickr - Rating).

    Melco (Own)
    The strong opening of Las Vegas Sands' (LVS - Cramer's Take - Stockpickr - Rating) Venetian Macau in August has investors very excited about Macau, the only region of China where gambling is legal. Melco PBL, a Macau casino developer, has enjoyed some of this spillover love, with shares surging in recent weeks. This week, Melco shares have jumped 14.6% to $18.92.

    Melco also recently got a small vote of confidence from JPMorgan analyst Harry Curtis, who has been one of the major bears on the stock. Curtis says Melco should be able to meet, if not beat, his 2008 earnings estimates for the company. This is mostly because Melco is reducing its focus on the mass market to concentrate on growing the
    """READ IT ALL""

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