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Melco Crown Entertainment Limited Message Board

  • lawstuff22 lawstuff22 May 13, 2014 1:54 PM Flag

    Janney Capital comments on MPEL

    News Breaks
    May 12, 2014
    09:50 EDT MPEL Melco Crown long-term story, valuation still compelling, says Janney Capital
    Janney Capital attributes recent weakness in Melco Crown shares on a recent report that UnionPay was cracking down on illegal use of payment cards and a story regarding a junket operator who was said to have disappeared with over $1B. Janney said the UnionPay action was mostly related to mobile and the firm doesn't expect it to have a long-term impact. Janney also said its sources indicate the junket operator figure was overblown by the press. The firm maintains its Buy rating and $50 fair value estimate on Melco.

15.27+0.07(+0.46%)Apr 28 4:00 PMEDT