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Las Vegas Sands Corp. Message Board

  • businessethics2012 businessethics2012 Jul 17, 2013 9:19 PM Flag

    LVS Going To $75 ---- Sooon!

    Gross gaming revenues (GGR) for the second quarter came in at HK$83.66B (US$10.78B), the highest ever for the Macau gaming market. Yet, Macau-exposed gaming stocks have traded down (with the exception of [MGM Resorts International (MGM)]), as investors have appeared to ignore the potential for positive earnings surprises, instead focusing on certain weakening macroeconomic indicators in China. We admit that these reports are concerning, but the Macau market continues to strengthen, and we believe there is plenty of gas left in the tank.

    Both analysts believe Macau casino stocks are cheap. Daswani notes that the sector is trading at 10.8 times its 2014 EV/EBITDA, half a standard deviation below its historical average. Kempf, meanwhile, believes the underperformance of the sector make current prices “an attractive entry point” for Las Vegas Sands (LVS), Melco Crown Entertainment (MPEL), and Wynn Resorts (WYNN).

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    • taskassistant@gmail.com taskassistant Jul 18, 2013 9:32 AM Flag

      not a good entry point.........when it dropped to $48 a few weeks ago that was a good entry, but too much bad news out of China for policy change will lead to less gambling at least temporarily. PPS is not running up because of this impending news and change. Daytraders are running it up with low volume. Sit back and wait....

63.55-0.59(-0.92%)Nov 25 4:02 PMEST

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