For whatever reason I decided on 6/5/09 to track a few reginal players. I beleive that it had something to do with a book value anaylsis I was doing. The market has been trending down as you all know. I thought that I would revisit MNTG close price of today in relation to the noon price on June 5th along with others that I recorded. MNTG closing at 2.23 is still up by 4.7% the others CHDN -14.4%, DDE -9.6%, PENN -17.0% and BOYD -20.4%. Something or someone is supporting this stock on light volume. I still feel very positive especially after a visit on the 4th, business looked good, the gaming tables were very busy. The Gov. of Ohio is still planning on putting video terminals in Columbus as a budget buster even if the 4 city casino measure fails. I'm interested in this quarter's earning report, hopefully a good one for all!
I totally agree. I think with Ted gone things will improve. With the cost cutting measures in place and a tighter ship this stock could go back to earning the .50-.60 a year it once did. In a business where "the house always wins", this operation was sure doing S%*t. When are earnings due out? I'll have to do some more DD on this company might be buying in more in the next few weeks to double my current position. Good LUCK!