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$1.24 -0.11 (-8.15%)
10/10/2008 3:13 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.

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Ticker Not Ratable

MECA doesn't currently meet the $100M market cap / $1.50 stock price minimum. (Learn More)

What the Community Thinks

Total Members

17 Outperforms
25 Underperforms
 

All-Stars

1 Outperforms
15 Underperforms
 

Members bullish on MECA are also bullish on:

Members bearish on MECA are also bearish on:

Ticker Tags

Micro Cap (4824), Gaming Activities (25), Horse racing (2)
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Magna Entertainment Corp.(USA) At A Glance

Current Price: $1.24
Last Trade Time: 10/10/2008 3:13 PM
Open: $1.36
Previous Close: $1.35
Daily Range: $1.01 - $1.36
52-Week Range: $1.35 - $57.00
Volume: 14,900
Market Cap: $3.96M
P/E Ratio: 0.00
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Stock Trends

MECA VS S&P 500 (SPY)

MECA 12 month chart vs. S&P

News & Discussion Boards

Other News Headlines for MECA

More Headlines...

Top Bull Pitch

Recs

2

Magna Entertainment Corp.(USA) (MECA)

Avatar HFInvestor (36.05) Submitted: 5/26/07 10:05 PM

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 (it will provide financing if needed, regardless o...More

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Top Bear Pitch

Recs

1

Magna Entertainment Corp.(USA) (MECA)

Avatar StatsGeek (99.98) Submitted: 9/28/07 12:39 AM

Ugly, ugly cash flow, high debt, flattish revenue and projected losses continuing. 'nuf said.

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Recs

0

 (MECA)

Avatar Yehonatan (67.89) Submitted: 10/20/07 10:13 AM : Underperform Start Price: $49.00 MECA Score: 56.92

no comm3nt

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Recs

0

 (MECA)

Avatar CASINO535 (< 20) Submitted: 10/11/07 1:13 PM : Outperform Start Price: $50.40 MECA Score: -53.74

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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Recs

0

 (MECA)

Avatar aggr (< 20) Submitted: 9/16/07 6:36 AM : Outperform Start Price: $55.00 MECA Score: -57.42

baba

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Recs

0

 (MECA)

Avatar BrianRuth (99.60) Submitted: 9/16/07 12:09 AM : Underperform Start Price: $55.00 MECA Score: 57.42

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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Recs

0

 (MECA)

Avatar Artmoves (< 20) Submitted: 8/01/07 6:19 PM : Outperform Start Price: $52.00 MECA Score: -58.02

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, make the perfect vehicle to accomplish the casino expansion. Ask this question: of the $98 million increase in revenue in 2006, what percentage can be attributed to the casinos at Remington and Gulfstream Parks?

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