Leaving Las Vegas: Time to Pack Your Bags if You Own LVS

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Leaving Las Vegas: Time to Pack Your Bags if You Own LVS

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Leaving Las Vegas: Time to Pack Your Bags if You Own LVS

TheStreet.com Videos 1:21 mins

Trifecta Stocks Portfolio Manager Bryan Ashenberg, CFA offers viewers an update on Las Vegas Sands, a stock he had positively highlighted in the past. Ashenberg says it’s time for investors to book their gains and pack their bags due to the increasing risk profile of the stock. Today, the Wall Street Journal reported that the lower house of Japan's parliament may not be able to get the casino bill passed in its current session, as had been expected. Although there was no guarantee that Las Vegas Sands would have even been awarded a concession, the delay removes a near-term driver of excitement -- and a possible driver of multiple expansion -- for the stock. Ashenberg further explains his reasoning.

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