MGM Mirage (MGM)

All Comments on MGM

  • commenter
    Elliot
    Miller
    Sep 04 12:59 PM
    Not Off the RIMM - Cramer's Lightning Round (9/3/08) [view article]
    Frontline is entirely on the spot market and in tankers for crude and refined products.Eagle is in dry bulk (limited to the Supramax sub-sector, has credit insurance on its charterers and 3-5 year time charters--with one ship on a 10 year charter--has an entirely different business model than Frontline). These are not at all comparable risk models, so Cramer's comment is irrational. Reply
  • commenter
    boubou
    Sep 04 12:23 PM
    Not Off the RIMM - Cramer's Lightning Round (9/3/08) [view article]
    When the likes of Cramer finally get into an underrated sector like shipping, then the party is usually over.
    His 50% accuracy could easily be aachieved by a cave man.
    Lately he's been saying 'don't follw my recs. - do your own homework -an hour per stock followed'.
    What!?!!?
    My hour is now better than his full-time passionate pursuit of perfection??

    FRO for example has been despised by analysts for ten years, during which time it has payed excellent dividends along with some useful growth. You can also trade the rather predictable ups and downs.     Reply
  • commenter
    User 218405
    Sep 04 11:40 AM
    Not Off the RIMM - Cramer's Lightning Round (9/3/08) [view article]
    Cramer said to sell MGM and the casino stocks. What an idiot. He has been wrong on his picks over 50% of the time. That's why he makes money writing these articles and not making money as an investor. I like Zack's picks. They do a pretty good job on their recommendatios.
    Daniel Kowkabany     Reply
  • commenter
    dubious
    Sep 04 08:44 AM
    Not Off the RIMM - Cramer's Lightning Round (9/3/08) [view article]
    Cramer does not know the Shipping Sector. Neither do show hosts on CNBC. I heard one confuse bulk shipping with containers coming out of China. Either the sector is too small, or they don't have contacts to interview, or they don't have access to shipping analysts in New York. I sometimes wonder what other sectors are great investments but we don't hear about them because Cramer and his cohorts don't follow them. Reply
  • commenter
    User 9914
    Sep 03 08:40 PM
    Not Off the RIMM - Cramer's Lightning Round (9/3/08) [view article]
    2-3 DAYS AGO CRAMER SAID SELL CVS BUY WAG NOW HE IS RECOMMENDING CVS HE IS A SICK PUPPY Reply
  • commenter
    User 218405
    Aug 29 03:24 PM
    Nevada: More Than Just Gambling? [view article]
    correction billddrummer, It's the only place to live.
    Daniel Kowkabany
    Reply
  • commenter
    billddrummer
    Aug 29 02:39 PM
    Nevada: More Than Just Gambling? [view article]
    Followup to my last comment:

    One of the reasons NV, and particularly Northern NV, is so popular as a warehousing hub is because it's within one day's drive of major metro areas (SF Bay, Bakersfield, Portland OR, Salt Lake City, UT). Represents nearly 50 million people altogether. Add to that the fact that weather is typically good year round (300+ sunny days/year, little snow/rain) and it's perfect as a distribution center.

    The downside to that is that modern warehouses don't need lots of people, so employment growth isn't as robust as we'd like. The recent challenges in the housing market have dealt severe blows to construction employment, which represented nearly 20% of workers at the peak of building here back in mid-2005. That sector is down about 30%, maybe more.

    But it's still a nice place to live.     Reply
  • commenter
    billddrummer
    Aug 29 11:22 AM
    Nevada: More Than Just Gambling? [view article]
    Another industry that's popular in NV is warehousing. There's no inventory tax either, and companies with large distribution needs have leased or purchased millions of square feet of warehouse space in Northern NV along a corridor stretching from Reno to Fernley (approximately 40 miles).

    In addition, the largest industrial park in the world is being developed east of Reno. The Reno Tahoe Industrial Center targets companies needing large acreage for warehousing, heavy machinery production, building materials manufacturing and distribution, and more. Wal-mart built a 1 million s.f. grocery distribution center in the business park as the first owner/user.

    Read more here:
    www.lancegilman.com/ma...

    As far as prostitution, it's legal in rural counties, but illegal in Washoe and Clark counties (where 85% of the population resides). Brothels have been hard-hit by fuel prices. A good percentage of their clientele is truck drivers, who are still paying $1000 to fill their trucks. Before, when it only cost $400 to fill up, some drivers would stop to relax.

    I love NV. Lived here for nearly 30 years, and don't see myself moving away.
    Reply
  • commenter
    JUst A Hick
    Aug 29 11:15 AM
    Nevada: More Than Just Gambling? [view article]
    How can the author omit PICO Holdings? Through their subs Vidal Water Company and Nevada Land and Resource Company, LLC , they have substantial operations and resources in Nevada. I consider this company THE only alternative to investing in Nevada other than the casino stocks.This is one of my core holdings in my retirement portfolio along with Leucadia National. PICO's symbol is PICO.It has had a pretty good run over the last few months so I am waiting for a correction to add to my position. Reply
  • commenter
    User 218405
    Aug 29 09:29 AM
    Nevada: More Than Just Gambling? [view article]
    This is an excellent well written article. This would be an opportunity for someone who wanted to move to Las Vegas to buy good property cheap and rebuild. You know buy low, sell high. I don't think you'll find homes such as BxCapricorn talks about in the better neighborhoods.
    Daniel Kowkabany     Reply
  • commenter
    WeeklyTA
    Aug 29 04:16 AM
    My Website
    Nevada: More Than Just Gambling? [view article]
    prostitution is a booming industry in NV, right? Reply
  • commenter
    User 155569
    Aug 28 07:51 PM
    Nevada: More Than Just Gambling? [view article]
    so what is the point of the author? you want to go long NV real estate? that would be incredibly stupid Reply
  • commenter
    jimmy46
    Aug 28 01:43 PM
    Nevada: More Than Just Gambling? [view article]
    And property taxes are lowwwwww!

    I have a nice 4 bed 3bath home in Reno, probably $300k now,
    the annual tax?
    Less than $1200, and by law they can't raise it more than
    3% a year.
     Reply
  • commenter
    User 218405
    Aug 28 10:58 AM
    Hedge Fund Manager's Notebook: Why the Euro is Tanking, MGM's Folly, and an Attractive Farming Stock [view article]
    This was a poorly written article. It was written without much research. Reply
  • commenter
    BxCapricorn
    Aug 28 09:15 AM
    Nevada: More Than Just Gambling? [view article]
    We're also going to sport our fair share of bank defaults. Fortunately most of the "investors" that came over from California with their "winnings" from the gameshow that was California real estate, 2002-2006, also originated many of their carefully constructed loans in their home state. Unfortunately for Nevadans, those that speculated with our housing market (and certainly they were not all from California) entered and left the state like Visigoths (think Rome). Now we sit with thousands upon thousands of empty homes, largely uninhabitable, because plumbing, wiring, cabinetry, fixtures and carpets have been pulled out and taken. You really have to see these properties to believe it. Reply
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