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MGM - MGM Resorts International

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 4, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I added another small slice off the bottom to my position. As many stocks it is getting way undervalued..On my chrome book, no screen shot

    21.84 -1.07 -4.67% 21.31 22.58
     
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Regarding Pro Hockey to be played at the T-Mobile Arena, I left out that MGM Resorts is a joint owner of T-Mobile Arena. Now on to Pro Football. MGM up modestly in this rally this morning

    upload_2016-6-28_9-20-3.png

    Panel studying stadium plan in Vegas gets new numbers
    A governor's panel studying a proposal for a 65,000-seat domed stadium to lure the NFL's Oakland Raiders to Las Vegas was greeted Thursday with changing figures and a pep talk on behalf of the casino mogul backing the plan
    LAS VEGAS (AP) -- A day after Las Vegas won a bid for an NHL expansion team, a governor's panel studying a proposed 65,000-seat domed stadium to lure a pro football franchise was greeted Thursday with a pep talk and changing financial figures.

    "We are going to find a way to make this work," declared Andy Abboud, a top executive at Las Vegas Sands, the casino company headed by billionaire Sheldon Adelson, who is pushing for the Oakland Raiders to move to the city.

    There was no talk at the Southern Nevada Tourism Infrastructure Committee work session about whether gambling on pro sports is a good idea.

    In fact, some casinos around town have already begun taking bets on how the as-yet unnamed hockey team will score its first goal in its first home game next year at the newly opened T-Mobile Arena, and how many total goals the team will score in its first season.

    With the football stadium now projected to cost at least $1.45 billion, committee members dug into projections about a rate of return for private investors including Adelson and the crucial question of where a stadium could be built.
    More: http://finance.yahoo.com/news/panel...gas-gets-changing-numbers-212344555--spt.html
     
  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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  4. Brendan Cowie

    Brendan Cowie Active Member

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    Damn. Got a little killed the last 2 days... More than I expected. A lot more
     
  5. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Yeah everything did during the 2 day fallout. I took advantage of adding to my position but my bigger funds are set if Brexit pops it's head up again. I expect the eps to return to last Thursday's close or so once this fallout is over.
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM gaining more ground back again with a Brexit relief

    upload_2016-6-29_7-40-15.png
     
  7. Gil Oren

    Gil Oren Brew Master
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    WYNN too, lots of relief today!
     
  8. LloydWCoutee

    LloydWCoutee Active Member

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    Oh Snap...... that is Nice Nice pop right there...yep! - Running up: +0.38 in 60 seconds
     
    Gil Oren likes this.
  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM down on Macau news. Macau has is least exposure for MGM among the big casinos as their main exposure is in Vegas and across the US. If I hadn't already loaded up from the Brexit drop I would be looking to buy.

    upload_2016-6-30_8-2-2.png
     
  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM down yesterday on Macau news and up today on Macau news. Those buys during the Brexit drop starting pay off now.

    upload_2016-7-1_7-7-12.png
     
  11. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Berkshire Hathaway that now owns the Nevada power company is not to happy with the major casino's in progress of providing their own power.

    MGM Resorts International and NRG Energy Complete the Installation of Nation's Largest Rooftop Solar Array
    LAS VEGAS, July 6, 2016 /PRNewswire/ -- NRG Energy, Inc. (NRG) and MGM Resorts International (MGM) today announced the completed expansion of the nation's largest rooftop solar array. On the roof of the Mandalay Bay Convention Center, the expanded solar array has more than 26,000 photovoltaic panels and produces a combined 8.3 MW dc (6.5 MW ac) of electricity, a new national record for rooftop arrays. At full production, the system supplies 25% of the power demand of the entire Mandalay Bay Resort & Casino campus.
    http://finance.yahoo.com/news/mgm-resorts-international-nrg-energy-130000750.html
     
  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM just got a upgrade on CNBC with a price target of $32. I will provide the upgrade link when it becomes available

    upload_2016-7-6_11-30-50.png
     
  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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  14. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM has been up modestly on the Macau July numbers as there exposure in least among the big casino's and their new casino is delayed until 2017. The market has not caught on yet that their growth has big potential in the states. I increased my position substantially during the Brexit fall out.

    upload_2016-7-12_9-32-3.png

    MGM Resorts (MGM) Stock Higher on Macau July Trends
    NEW YORK (TheStreet) -- Shares of MGM Resorts (MGM) are up 0.54% to $23.08 late Monday afternoon alongside other casino stocks as July trends at China's Macau gambling hub are generally upbeat.
    Several research firms highlighted strong Macau gaming revenue in the first 10 days of July and said results were tracking much higher than previous trends, CNBC.com reports.

    "According to our industry sources, based on gaming play for the first 10 days of July, gross gaming revenues in Macau for the month is estimated to be tracking up approximately 8.2% year-over-year," David Katz, an analyst at Telsey Advisory, in a research note cited by CNBC.com.
    https://www.thestreet.com/story/136...macau-july-trends.html?puc=yahoo&cm_ven=YAHOO
     
  15. Brendan Cowie

    Brendan Cowie Active Member

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    We are still trying to get back to pre bre-exit levels
     
  16. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Patience is required until the market catches on but as a trader you need to do what is best for yourself. For me I am long but I will take profits accordingly

    Things are popping in Vegas, and MGM is going to be right in the heart of the Pro Hockey and proposed Pro football moving forward and buying out BYD on Borgata will bring in extra revs.

    My Brexit fallout buys put has me at a higher profit level than before Brexit but I know everyone did not want to take that risk.
     
  17. Brendan Cowie

    Brendan Cowie Active Member

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    I just want 30 by Jan:)
     
  18. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Call buyers place bets on MGM Resorts
    Traders are playing for gains MGM Resorts by the end of this month.
    optionMONSTER's market scanner shows that more than 3,200 Weekly 23.50 calls expiring on July 29 were purchased for $0.55 to $0.58 yesterday. These represent new positions, as open interest in the strike was just 51 contracts before the trades appeared.
    http://finance.yahoo.com/news/call-buyers-place-bets-mgm-131626229.html
     
  19. AverageJoesTrades

    AverageJoesTrades Active Member

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    TTT don't hate me, but I bought some puts on 7/8:

    MGM AUG 19 2016 23.00 P BOUGHT TO OPEN 3 CONTRACTS OF OPTION MGM AUG 19 2016 23.00 P AT $1.06

    Playing a short term downtrend.
     
  20. Brendan Cowie

    Brendan Cowie Active Member

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    I hate you
     

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