Betting on Vegas - MGM Stocks

MGM Stocks, are believed to be a safe bet.

Ok, after several days of lower then expected performance, many times losing a few dollars a day I have moved to what I believe to be a much safer round of holdings. With the economy turning around, I believe (and many agree) one of the first sub economy to improve is likely to be that of Las Vegas. Having been to Las Vegas, I personally know of the high quality and standard that the MGM casino and hotels abide by, so the company was a logical choice… Not to mention the soon to open CityCenter, which will open in stages and has been some what scaled back (from some reports), will be a huge success for MGM.

Today’s MGM Quote

12.70 +0.04? (0.32%?) Sep 28 4:01pm ET 12.73? +0.03? (0.24%?) After Hours
Open: 12.83 High: 12.99 Low: 12.21		Volume: 27,722,240 Avg Vol: 35,978,000 Mkt Cap: 5.60B

Expected Hold Time - 9 months minimum

Total Invested  - $790.02

Ending Total Portfolio Value - $810.07

There is not a great amount of action and change on a day to day basis, but with a new multiple tower resort and casino opening up on the Las Vegas strip, and the general increase in traffic that Las Vegas will encounter as the economy continues to improve… all of this means stability and growth. MGM is facing some serious debts, and thats what makes the stock so undervalued on the market today, but MGM is posed for serious growth over the next several months to a 1 year.