| To: Jon Dough who wrote (82) | 6/23/1998 1:30:00 PM | | From: Astarte | | | |
** Hotel and casino giant MGM GRAND (MGG: 30-5/8, + 4), which has
suffered through two quarters of lower-than-expected gambling
revenues, said Tuesday its board has authorized the company's
purchase of up to 12 million common shares, representing about 20%
of the company's shares outstanding. Of those, 6 million would be
purchased at $35 per share in a tender offer. Separately, the
company anticipates that lower than average table games hold
percentage at MGM Grand Las Vegas will result in 2Q earnings in a
range of $0.25 to $0.30 per share, compared with estimates of
$0.41 per share, according to First Call. See Full Story at
infobeat.com.
Isn't this a big positive? I'm in @ 32 15/16. Would be interesting to hear some comments about the stock repurchase!
Astarte
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| To: Astarte who wrote (83) | 7/22/1998 10:48:00 AM | | From: Vladimir Zeetser, M.D. | | | | |
MGG is definitely a buy, excellent fundamentals compared to the other casinos out there and their potential is to only go UP. I like the company's buyback to help the stock. They obviously have good business sense and care about investors. Unfortunately, I have holding this stock for 7 months, but I am positive that it will see a dramatic increase in price, if not in Nov-Dec, then Jan. Hell, I lose about $30,000 a year there. |
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| To: Vladimir Zeetser, M.D. who wrote (84) | 8/3/1998 2:45:00 PM | | From: Vladimir Zeetser | | | | |
They say the house always wins.. On craps, I used to bet big red (7), because the house is 7 and it cleans up the table. However, I recently lost my ass playing 7 when the rollers through 34 rolls of the dice with no 7. That's how MGM must be feeling right now. I thought that this had to be the most safe investment that I have ever made, but it turns out to be the only stock on which I am losing a substantial amount of money. Obviously I am gonna stick with it until I break even or make a profit, but I'm just disgusted as to how long I have had so much money tied up in garbage. I knew I shouldn't have trusted that Armenian. |
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| To: Vladimir Zeetser who wrote (86) | 11/9/1998 9:54:00 AM | | From: Troy Griffin | | | |
If you are interested in reinvesting some of your profits into
a gaming company that is presently trading at 1.25, and within
6 to 8 months could possibly be trading at mid to high digit prices I
suggest you look at sungold gaming international. (SGGNF).
They are presently involved in three projects
1. A casino in michigan, USA.
2. A horse racing track in richmond, B.C. Canada
3. A casino/resort in Korea 3km from the new inchon airport, the
biggest airport in the pacific rim
I suggest you do all your due diligence and also speak with the
CEO 1-604-222-3155 also check out their website.
www.sungoldgaming.com
I think you will find this company to be very interesting
Happy Investing |
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