Look at lvs,mgm and their 52 week highs and where they are now...holy fk! LVS is 12$ and was 145... No wonder adelsons worth went from 30billion to 3billion... Wow,i thought energy stocks got wacked...this is THE most under reported story of the last year... What happened? http://biz.yahoo.com/ap/081001/las_vegas_sands_credit.html?.v=1
I was having a tough time figuring out why Perrini wasn't looking good in the industrial sector turns out their bigger jobs are casinos! It's wild. I got a trade off in LVS $77 to $120 and I had to force people to sell. Can things of been that fake I wonder? Or is now the fake? I'm afraid then was. These hedge funds- they drove their favorites to the moon. But we have given everything back as you note and then some... Time to buy MPEL I wonder. Chinese are going to undue the Charter business that slowed them down so...~ si
Just have a quick look at ratings and spreads on their senior debt. Its been a dead industry since last year, some of them were slightly overleveraged.... http://www.cmavision.com/Products_And_Services/DataVision/Todays_Movers/
LVS might just go to zero. Who is going to Vegas in this cash strapped environment? Your house and 401k just depreciated by 30% OR MORE. Now will you go to vegas? LVS on the pinks, thats where it will land.