one whisper or rumor of a reit happening and this stock is up 10% in a blink, even if it doesn't happen. look at twtr and other rumors. My thought is some wealthy foreigner may just make a bid for the majority of k's stake. Think about it, the MGM properties would give some billionaire bragging rights to his friends about what he has. New Year's Eve, big fights, conventions, etc. Somebody with deep pockiets will take action soon at these prices. IMO....not looking forward to LVS earnings wednesday though, probably push us down another buck or two.
I don't know if it would be quite that high, however it certainly should be higher than the current price imho. I bought in believing in the fact there is only one vegas, and having the majority of the strip one day in the future the value of these assets will be appreciated by someone with deep pockets. Hopefully I have the patience to stick around to see that day or don't get stopped out in the process.