I got some MGM stock yesterday. It's back in the $10 range after spending a few months around $14. The PE of 2 is really attractive although I realize it's a rather misleading number. The company has a heavy debt load it's struggling to get out of, but I figure it should be very valuable if it survives the next few years as it owns about half the casinos Las Vegas strip and most of the better half. And it's got exposure to the Macau market too. MGM has a market cap of around 5 billion, my guess is either the Bellagio or the MGM Grand Macau alone would sell for that much, and they've got 20 other casinos beyond those two. Of course MGM corporate has a crushing debt load to deal with.
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Congratulations to SuperNiceDog, Guru Winner, who was smart enough to pick
your 7 time champion, Link.