Las Vegas Sands Corp. (NYSE:LVS)
Las Vegas Sands owns the Venetian and the Palazzo casinos on the Strip, along with the Sands Expo convention center in Vegas and Sands Macao.
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LVS Adelson CEO just bought 4.7 Million shares. I never pretend to know more than the CEO running their own Company. I'm following him on this one.
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Stock is trading very low. When the market picks back up, people will flock back to their casinos. Most asians love to gamble. LVS is building up in Asia. I wont be suprised to see this in the 50s a year or two after the market goes bull.
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the econmomic will get better
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At the current price of this stock the only question you have to ask yourself is will it go under or not? I am betting no... This stock has been on a rollercoaster ride down for long enough. Yes, Las Vegas traffic is down but the opening of Bethlaham in May and Singapore end of year or early 2010 will be big. Sheldon Adelson has more skin in the game then a party at the Playboy Mansion. He is looking into buying back debt and possibly partnering up in Macau to finish construction on suspended projects. I believe this will be back in double digits by the end of the year, maybe sooner.
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LVS is one of the best company which owned by most powerful man in the us. I think Las vegas Sands stock will go eventually to at least $10.00 month to come.
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Were priced at 80.00 dollars before. Strong Upside
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OK I'm going in with this speculation pick on Vegas.
Let me start out by saying that yes the company has problems, it does have debt issues and economy isn't exactly roaring.
HOWEVER, I do believe that Vegas will eventually rebound when the economy does. Furthermore, the companies huge casinos in Asia - Macao and Singapore - are highly promising with HUGE potential. The debt is an issue (thus speculative) but having a billionaire owner as well as 14 BN in assets doesn't hurt.
Look, I got in real life at 2 bucks and at the price its trading at - it is priced for failure. However if this company can get around their liquidity issues, this is an absolute steal and will emerge from the economic meltdown as a global casino powerhouse.
So as a speculation pick I think the upside/downside risk is worth a roll of the dice!
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See ya in bankruptcy Sheldon.
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bk candidate
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I am reading a lot of negative feedback about Las Vegas. Looks like a bunch of jealous, uneducated individuals. Vegas is not going anywhere. Some casino stocks may be down, but how much really isn't? Based on the rationale of several of these ignorant posts, we will not have a single bank in the United States in a few months. Give me a break... Las Vegas may be slower than the past few years, but it is still doing extremely well (from a tourism, revenue, and overall population standpoint) in comparison to most major US cities. Just because gaming revenue is down year-to-year, these companies are still generating substantial revenue and will continue to do so.
One person in particular called Vegas a "ghost town" - come on, are you serious? Have you been to Las Vegas... ever? 200,000-500,000 tourists visiting and spending money on any given weekend (not including the 1.9 million residents) is hardly a ghost town. Travel to any other traditional tourist destination and THEN compare it to Las Vegas - you may want to rethink your logic (or serious lack there of).
Also, there may not be a "government bailout" for Las Vegas, but there sure is a taxpayer subsidized bailout - the millions of taxpaying tourists that travel to Las Vegas every year are still gambling, dining, drinking, shopping, staying in hotels, going to shows, etc... Casinos don't need to ask the government for taxpayer's money - they are spending it here anyway. Again hundreds of millions in gaming revenue each month may be a few hundred short (in comparison to recent years) during these economic times, but it is still hundreds of millions in revenue. Remember the 1970s, 1980s, or even 1990s? Las Vegas is the Entertainment Capital of the World and has repeatedly reinvented itself while sustaining growth in some of the worst economic times in the past four decades - what makes you think that it will stop this time around?
Get a clue people!
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No government bailout for this debt-ridden company, I'm willing to bet.
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Vegas looking pretty ugly right about now.
Put it this way, if you live there, you probably need to move. Most people who live there probably eventually will. Those that move sooner rather than later will be better off.
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Dead casino walking.
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beaten down stock will survive until Singapur opens
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they are finished
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Its simply time to make a few quick dollars...
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This stock remains me of pulling the One-Armed Bandit. It gives a little, it takes, it gives a little and it takes more. This is the 3rd time since the first of the year I'm back in again in real life. I'm trying to make some moolah for my kids' custodial account. Screw it! I'm going long.
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Expect continued growth from macau
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In for a short-term gain. Will bounce in the next couple days.
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Going to be rough road for all vegas stock, but i think at this price you can feel confident your in for a good price.
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