jer1066

Buy Opportunity in Gaming Stocks: Reduced Targets, Easier Comparables

There are some interesting comments on this board. I think that the companies that do a lot of business in the local Las Vegas market will see a large bump in May and June from the "economic stimulus" payments. The local gamers will look at that $600 as a free bet and they will waste it all at the local casinos. There are also some interesting catalysts that will occur over the next few months. I like BYD because it is so beat up right now, but they will be opening a new casino next month that should add to their cash flow. I'm a value guy so I'm looking about 12-18 months out, and I think BYD will be at $36 In 2009. Get in now and double your money.