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Non-Tech : MGM Grand Hotel and Casino Symbol MGG

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To: cboothe who wrote (34)7/25/1997 2:49:00 PM
From: Steven W.   of 96
 
CB,

This debt thing is putting questions out there about future earnings. I
never understood why companies like MGG just couldn't sit back for
a year on expansion, earn ton's of money and watch their stock go
through the roof.

Trump has shown everyone in this business that greed is not good.
MGG doesn't get the respect that Steve Wynn from the Mirage gets.
The board has done a fine job with the company.

I plan on holding this puppy for a while. This has been the hardest for
me to predict movement in the last few months. One thing for sure,
earnings are very strong and the 2 flagship resorts are doing great.

Steve
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