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$0.37 0.00 (0.00%)
7/21/2008 3:59 PM

Magna Entertainment Corp.(USA) (MECA)

CAPS Rating:
*

Owns and operates horse racetracks in California, Florida, Maryland, Texas, Oklahoma, Ohio, Michigan, Oregon and Ebreichsdorf, Austria and supplies, via simulcasting, live racing content to the growing inter-track, off-track and account wagering markets.

View Ticker Page (MECA)

Results 1 - 8 of 8 :   1

Recs

2

Avatar HFInvestor (< 20) Submitted: 5/26/07 10:05 PM : Outperform Start Price: $3.53 MECA Score: -73.73

Underlying real estate is worth $6+ per share which will serve as a cushion to the stock price. Sale of up to $400 mln of non-core assets in the next couple of years is a potential catalyst. MI Developments owns 59% and will not let MECA go bankrupt ...

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Recs

1

Avatar PennyStockFool (< 20) Submitted: 3/16/07 11:50 PM : Outperform Start Price: $3.12 MECA Score: -80.02

This area on a chart has made me money before and looks good for another repeat performance.

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Recs

0

Avatar racetracker (70.44) Submitted: 6/06/07 10:47 AM : Underperform Start Price: $3.29 MECA Score: 72.73

Unless they can unload more underperforming racetradks and land not needed for racing, I do not see this comapny becoming profitable.


They also have had too much trurnover of key staff over the last few years. The chairman of the company ...

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0

Avatar Artmoves (< 20) Submitted: 8/01/07 6:19 PM : Outperform Start Price: $2.60 MECA Score: -73.11

I believe the key to Meca is casino expansion in all of its racing facilities. Gulfstream Park opened in November of 06 and expanded its slots by 700 additional machines in March of 07. The Thoroughbred Association, in conjunction with Meca tracks, m...

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0

Avatar BrianRuth (99.47) Submitted: 9/16/07 12:09 AM : Underperform Start Price: $2.75 MECA Score: 72.82

Selling off assets may give you a pop in the short term, but reduction tends to be a vicious circle into the vast drain hole that is bankruptcy.

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0

Avatar aggr (< 20) Submitted: 9/16/07 6:36 AM : Outperform Start Price: $2.75 MECA Score: -72.82

baba

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Recs

0

Avatar CASINO535 (< 20) Submitted: 10/11/07 1:13 PM : Outperform Start Price: $2.52 MECA Score: -66.58

BUILDING NEW CASINO/RACINO'S WHERE ALLOWED





POISED TO HAVE ADVANTAGE WITH INTERNET AND INTERSTATE GAMING-BETTING WITH HORSE WAGERING NOW IN OPERATION.(SPORTS WAGERING IF LEGALIZED)

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Avatar Yehonatan (78.06) Submitted: 10/20/07 10:13 AM : Underperform Start Price: $2.45 MECA Score: 70.85

no comm3nt

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