Sunday, October 3, 2010

MGM International

Date: October 1st, 2010
Current Price: $11.25
Target Price: $13.00
Periods: less than 12 months
Confident Level: 3 (1-5)
I believe MGM is currently going through a big major consolidation between $9 and $14. As long as the US economy is not recover fully, MGM will have a hard time to achieve back the strong result in the past when the stock was trading at more than $100 few years ago. This stock is good for short term play for now between the range of $9 - $14. For a long term investor, this stock is not recommended as the debt level is still too way high. For long term player, I will suggest the LVS which I will post the analysis in my blog later.

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