News MGM Resorts International

ChiefaRoo · 10:17 AM

This company is in the midst of a massive turnaround after a near bankruptcy in 2008. Several Catalysts ongoing with new casino being built in Macau China set to open in 2016. Huge Re-fi of debt to lower % rates end of Dec. 2012 along with huge 2012 writedowns of assets on balance sheet. The re-fi saves about $18.8 million per month in interest. Rebound in Vegas ongoing. Internet Poker in the future (huge growth potential) and the Founder has filed with the SEC saying he "may/likely" will buy up to 25% of the current float which he's eligable to do three business days after earnings announcement on May 2nd.

This thing could double or more in the next 12 to 18 months.

You're welcome.

One more thing. The Company's is growing it's EBITDA at a nice rate the past few years. IMO opinion it's going to pop.

04-24-2013, 10:01 AM	Topic Starter
ChiefaRoo MVP Join Date: Sep 2005 Location: Austin,TX Casino cash: $5047505	MGM Resorts International This company is in the midst of a massive turnaround after a near bankruptcy in 2008. Several Catalysts ongoing with new casino being built in Macau China set to open in 2016. Huge Re-fi of debt to lower % rates end of Dec. 2012 along with huge 2012 writedowns of assets on balance sheet. The re-fi saves about $18.8 million per month in interest. Rebound in Vegas ongoing. Internet Poker in the future (huge growth potential) and the Founder has filed with the SEC saying he "may/likely" will buy up to 25% of the current float which he's eligable to do three business days after earnings announcement on May 2nd. This thing could double or more in the next 12 to 18 months. You're welcome. One more thing. The Company's is growing it's EBITDA at a nice rate the past few years. IMO opinion it's going to pop. Last edited by ChiefaRoo; 04-24-2013 at 10:17 AM..
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