MGM Resorts International (NYSE:MGM)

Been waiting about a year to see MGM get down to a reasonable price. Time is now, they own MOST of the strip and will continue to rake it in....

MGM is at an attractive price today. This may not be the bottom, but it should have considerable up side. Their over exposure in Las Vegas may hurt them some in the short run, but I look for a surge in gambling in Vegas once the economy picksup some steam in 3-4 months. Buy now while it is near a 52 week low.

Undervalued, strong management and dominant brand.

THEY HAVE LOOSE SLOTS

Revenue from casinoes and gaming increases as income and affkuent rises.

THIS ONE SHOULD DO WELL. THEY ARE OPENING A NEW CASINO AT FOXWOODS IN CONNECTICUT IN THE NEXT 2 MONTHS.

Mmm...gambling...

It doesn't matter how the economy is doing, the bottom line is that people are escaping the everyday reality of our economic horrors and taking advantage of those cheap flight to Vegas while they can. Vegas is certainly changing and will not be cheap much longer. A current headline here titled the current change as "Manhattanizing Vegas" (LVRJ). MGM is certainly contributing to this change with the explosion of their new $9B innovation, City Centre.

MGM is invested in a 9 billion dollar project which is under construction as we speak in Las Vegas. They are building a property that will have a hotel and casino along with shopping center and residential area. I look for this stock to go up over the next year or so.

Sin City's earnings, imo, are impervious to our present economic state.

VEGAS BABY!!

I am sorry since I own this stock, I just feel with the market as voitile as it is, peolpe will not be travling as much

Just building a sin stock portfolio

With the economy in a tail-spin, peoples disposable income is at an all time low, not the mention travel costs are much higher with increasing oil prices. Las Vegas will see a drop in tourism over the next year as people back away from unnecessary spending.

This stock needed to be deflated back to this level; however, it is far more valuable than this price.

The Rich and The Poor alll find their way to MGM. Some do so with the hopes of making a drastic change in their lifestyle if they are poor, and the rich do so because they can. MGM is a multi-pupose company, as they make plans to expand into more countries. They are a well-
managed and focused company with an eye on profit.
They will do well in a good and in a struggling economy, as they depict "a change for the best" in the eyes of their patrons. Money will flow as "hope" continues to float the boat of many people in the world who enter the doors
of the MGM properties.

Company is added a new casino in Atlantic City, also they get 50% of the Borgorta profits. With summer coming
up the Casino's will do very well, especially MGM which as casino in NV, NJ, MS, MI, Maccu. I feel the stock can
reach high again in 90-100.

Expansive world travel opportunites set the stage for excellent growth prospects for resort providing entities. Recent collaberation with foreign countires sets the stage for excellent growth opportunities for MGM

http://stockmarketbeat.com/blog1/2008/03/12/mgm-mgm-mirage-is-building-it-but-will-the-gamblers-come/
At an enterprise value of 3.8 times 2007 revenue and 21 times 2007 income from continuing operations, MGM looks about as fully valued as one can imagine. The acquisition of Harrah’s, which recently closed after a year-long process, valued that company at 2.6 times 2007 revenue, and 17 times 2007 operating income. And that deal was launched at the height of the private equity boom. It seems wishful thinking to expect a similar valuation in today’s environment.

So I am not optimistic that the 1998 thesis will pan out this time. But while I would sell any existing long position and sit on the sidelines (at least until CityCenter opens), I don’t have the guts to short this name. Kirk Kerkorian’s Tracinda Corporation has the resources to continue funding the developments and possibly to take on a larger ownership stake. Bringing on joint venture partners to co-finance the project has also become a key strategy, with deep-pocketed Dubai World being more than capable of taking up any slack. In fact, taking on Dubai World as a joint venture partner on CityCenter resulted in a $1 billion gain on the investments made to date.