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MTR Gaming Group, Inc. Message Board

  • calltothepost calltothepost Sep 20, 2001 10:31 AM Flag

    some thoughts

    There are some negatives now that weren�t there before, namely; more people being put out of work, reluctance to travel by plane and probably a general belt tightening on expenditures as people begin to modify their behavior to reflect current realities. Yet, gambling has always been a general outlet for tensions of the day in addition to hopes & dreams. I don�t see that changing. MNTG draws from local populations so plane travellers really aren�t needed. Indeed, those who might otherwise have gone to Vegas or Reno will probably stay close to home so MNTG might even benefit. It also looks like gasoline prices will be down and below recent levels which will boost spendable income. And the Federal Gov�t will be pumping all kinds of money into the economy that will keep things from getting too bad and the new construction needed could give the steel industry a good shot in the arm.
    All in all, it doesn�t seem as likely the company will do quite as well as it would have, but it should do well even in a changed economy. Certainly 8 bucks a share looks like the shares are at a good discount.

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