To: DWB who wrote (55) | 10/24/1997 11:21:00 AM | From: RANGER374 | | |
Yup,
The Hilton persuit has been mentioned many times today on FNN aND CNN.
Market buyers say new Hilton CEO is going after MGG with a passion and the worth is set @ >$70/share.
Just bought 1K @ $43 1/2.
Excellent earnings vs the Hilton deal translates to big gains to stock holders.
@10:22 the market is falling apart in many sectors.
Joe W. |
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To: RANGER374 who wrote (56) | 10/24/1997 8:43:00 PM | From: Steven W. | | |
To all,
MGG is worth a lot to Hilton. It has great management and a relation- ship with Marriott. I don't think Hilton want's Marriott to gain any share in Vegas.
Plus the Detroit market. This stock would be at $50 if it wasn't for the blood bath the market has taken the last few days.
Steve |
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To: Steven W. who wrote (57) | 10/25/1997 12:29:00 AM | From: miklosh | | |
A question to all: With regards to Kerk Kerkorian's recent purchase of 618,557 shares @ $45. Did he need these additional shares to aquire some kind of control or leverage of MGG, or was control already his and he merely felt that this was his best investment for his $28 million ? TIA |
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To: miklosh who wrote (58) | 10/27/1997 5:52:00 PM | From: Steven W. | | |
miklosh,
I thought it was interesting that Mr. K bought additional shares. Let's see, If you knew you might get a bid for $70, well $45 seems pretty cheap. Even if Hilton doesn't buy MGG, they might do something else to increase the price.
The amount of cash that flows through MGM and NYNY is a huge number. They run it almost as good as Steve Wynn does and that is pretty darn good. If it dips some more, than I am thinking about increasing my position.
Good Luck,
Steve
PS, this is one of the easiet stocks to trade and make money on. The chart hasn't lied yet. |
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To: Jesh who wrote (43) | 11/20/1997 5:10:00 PM | From: capitalistbeatnik | | |
Stayed at the MGM and I have to report its not very well run. For players, much better odds can be found downtown at Binions Horseshoe, for young people looking for fun, the Rio is better (as are the rooms), and for roulette/internation the Monte Carlo and the upcoming Bellagio will be better.
It takes forever to get from the room to the floor and it is way too easy to get lost. The lobby cannot hold the foot traffic in the hotel. MGM should have learned from the 1981 fire about these kind of things. If there was ever a fire in this hotel, look out. |
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