CLSA's Jon Oh has a take on the selloff in casino stocks that has continued unabashed in May on...


CLSA's Jon Oh has a take on the selloff in casino stocks that has continued unabashed in May on risk-off trading and cut into impressive YTD returns for WYNN, MPEL, MGM, and LVS. The gaming sector analyst concedes that names in the group are easy to trim given their China exposure and high beta correlation, but he keeps a decidedly positive outlook for long-term growth potential for the industry.

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Comments (7)
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
     
    MPEL reported a pretty solid quarter, so I'm surprised its down this hard today. WYNN is down a lot in the last few weeks as well. May be time to step into WYNN
    14 May 2012, 02:32 PM Reply Like
  • klkroeger
    , contributor
    Comments (15) | Send Message
     
    It looks like this market selloff is going to continue... I am long $LVS I love the long-term prospects for this stock but do you consider selling in the short term given the high beta?
    14 May 2012, 03:03 PM Reply Like
  • ryegold
    , contributor
    Comments (7) | Send Message
     
    no way i am holding this stock always seems to whipsaw and move very quickly this sell off is crazy
    14 May 2012, 06:53 PM Reply Like
  • klkroeger
    , contributor
    Comments (15) | Send Message
     
    I bought in more shares today, the fundamentals on the stock are great but the specs on uncertainty are killing it
    14 May 2012, 06:58 PM Reply Like
  • phemale60
    , contributor
    Comments (3028) | Send Message
     
    Yes, holding on to LVS by my baby finger; maybe now I can get into MPEL at a good price. Can't forget the day, not long ago, when it was just over $10 and I waited for it to dip -- never did! Now maybe I can regain that chance.
    14 May 2012, 03:42 PM Reply Like
  • baytracker
    , contributor
    Comments (4) | Send Message
     
    Got in at $3.84, going long on this ace. When the world economy turns around this stock is going to $30.00! Was a far east rat for many years and the Ho family are still calling the shots in Macau!
    18 May 2012, 11:26 AM Reply Like
  • No. 1 Trader
    , contributor
    Comments (69) | Send Message
     
    Though percentage wise MPEL moves more than LVS, LVS is better positioned to go much higher than MPEL over the long term. They are more diversified. Keep in mind it was $150.00/ share before the crash and that was before they opened in Macau, Singapore or Pennsylvania. I'm putting my money on LVS and to make it even better I am going to write short term covered call options to generate revenue. Dividends should be increasing substantially over the next year...............
    19 May 2012, 05:10 PM Reply Like
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