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  • ilovefed ilovefed Jul 31, 2009 1:15 AM Flag

    Got out of CMED..

    LVS is down 10% after hours. You should have stayed with CMED

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    • Yes LVS is down 10% because of the earnings report. It had a big run up before earnings came out. I am long term though as I see LVS coming back as the China ecomony is coming back. They have casino property in Macau. Also, it seems we turned a corner with the U.S. recession. This should help the Vegas properties. Las Vegas Sands is 70% owned by the CEO and familys trust who invested 475 million of his own money in the company recently. From the conference call yesterday it seems they have a number of options to address their debt which includes a possible IPO in China. I was with CMED for a long time but decided to finally get out after feeling the company is not living up to expectations, and management comments with the investigation. Good luck if your long but I am out.