September 08, 2010
– Comments (3) |
RELATED TICKERS: MGM
I'm guessing market really likes to see blood in the streets.
See here why is MGM up today:
Btw., I think MGM is a very good long term play...
MGM is indeed a very good long term play in my opinion. In the next 3 years it should at least touch the $40 dollar range. The recovery in the US will happen, this will boost the Las Vegas stocks, especially MGM. Paulson made a lot of money predicting this crisis, now he is going to make money by speculating on the recovery by having almost 10% of MGM stocks. The house will win !
Since we're all betting here, I say it won't touch $40 until 4 to 5 years. ;-)
Excellant, a bet.
As far as the stock goes... You have to follow the Japenese to really follow MGM'S potential.
$ 12.00 3/1/11
$ 16.00 1/1/12
If you've gotta lot of time $40.00 may be possible but seems like awhile to wait. ( I have not checked if MGM pays a div )