CZR performance is major embarrassment for CEO James Murren
I'm just giddy today!
I made quite a bit of money on CZR today so I am not complaining that MGM sat out the "Vegas rally". But when compared to MGM, CZR is greatly inferior. It's like the last place team beat the top ranked team! I'm sure the town is talking about how MGM is being left in the dust by so many other casino stocks that were in the single digits. Wouldn't surprise me in the least if Boyd Gaming (at under $8 right now) passes MGM too at some point!
But you have to wonder, CZR went up huge on "VEGAS" revenues. Um, aren't MGM resorts primarily in Vegas??
A word to Mr. Murren, you might want to consider retiring. No question, you and your management suck if you have bigger losers whipping your behind left and right. Next time you see people laughing in Vegas, just remember...they're probably laughing at you. :-)
It's funny, I agree with you! I'm very bullish on MGM, Extremely but what a joke! MGM should be easily above $20
MGM is trading at a HUGE discount to all it's competitors now on book value, growth, on so many metrics it's simply nuts. CZR trading at a monster Premium and they have double the debt, same revenue and no growth... makes no sense, CZR doesn't even have China and or key strip properties other then 1. Nuts!
Maybe the street will wake up next week and at least send us up a couple of points... That is still an insult.
Hmmm. CZR loses $9 per share and MGM loses $1 and on the verge of of going positive. And Murren should be embarrassed. I would be very nimble with that CZR position. It was a fishy IPO. could be pumped and dumped in a blink of an eye.