Any opinions for a buy and hold investor in the current group of Gaming Stocks?
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XVP Current Gaming Stocks
It might be a bit too soon to jump in but here is a list in order of preference.
WYNN
PENN
ASCA
PNK
···
To: vpfree@yahoogroups.com
From: jaycee5353@yahoo.com
Date: Sun, 8 Feb 2009 03:58:47 -0800
Subject: [vpFREE] XVP Current Gaming StocksAny opinions for a buy and hold investor in the current group of Gaming Stocks?
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------------------------------------
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Windows Live™: Keep your life in sync.
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_022009
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As long as the trend is down, you're better off shorting. "The trend
is your friend".
http://www.investors.com/learn/
Any opinions for a buy and hold investor in the current group of
Gaming Stocks?
···
--- In vpFREE@yahoogroups.com, John Clark <jaycee5353@...> wrote:
[Non-text portions of this message have been removed]
I bought some Bally Technology (BYI) a few days ago. I feel it's good
for a long term investment (although I thought GE was a good bet too).
I also have some Boyd Gaming (BYD) and I hope I don't regret not
selling it back on Jan 6th.
I was disappointed when Harrahs was purchased by a private company,
sending me a check instead of my continuing to own shares. Now I've
changed my mind. I'm glad I don't own it now. On the other hand, I
bought some WYNN at $70. That is bad news.
Any opinions for a buy and hold investor in the current group of
Gaming Stocks?
···
--- In vpFREE@yahoogroups.com, John Clark <jaycee5353@...> wrote:
[Non-text portions of this message have been removed]
Disclaimer: Please excuse the grammar. I focused on econ, rather than
English, in my undergrad studies.
There are ZERO signs that there is a light at the end of this economic
disaster. More than one Nobel prize winning economist is on record
saying this "stimulus" package will only lengthen the depression (yes,
depression). Until the mass layoffs slow and the 401K accounts stop
getting smaller on the average gambler's (think
retiree) monthly
statement my suggestion is to stay away....stay FAR, FAR AWAY, from
almost all gaming-related investments.
--XXVP opinion below--
Given the fact that this 'stimulus' will only expedite the long term
destruction of our currency along with the soon to come inflation
(think `Austrian School'), one of the smarter investments is gold
and/or silver. The traditionalists can chuckle all they want but it's
their portfolios that are down by a 1/3 to ½ in the past several
months. Those who purchased silver a few months ago are sitting on a
very healthy profit. 
···
--- In vpFREE@yahoogroups.com, John Clark <jaycee5353@...> wrote:
Any opinions for a buy and hold investor in the current group of
Gaming Stocks?
hockeystl wrote:
There are ZERO signs that there is a light at the end of this
economic disaster.
I'll second that. Critical efforts to restore much needed liquidity
to the financial marketplace have been spectacularly haphazard and
unsuccessful.
I'm not prepared to bail out of equities (crystal balls re where the
bottom lies are far too murky), but in the current environment I
wouldn't be thinking "buy and hold" re gaming stocks -- the downside
risk is far greater than for many other segments which will be more
likely comfortable rides. The gaming side of things smacks of debacle.
- H.
That is much too simple of an analysis for a complex gaming market. You've
forgotten the fact that gaming is SO much more international now, it goes
way beyond Vegas and local 401K balances. I remain bullish on Wynn due to
their positions in Macau, Sands is not far behind either. Sure, they are
both struggling, but for the "buy and hold" outlook, they are best
positioned for growth once the global economy starts to move again.
···
On Tue, Feb 10, 2009 at 9:59 PM, hockeystl <vegasstl@charter.net> wrote:
--- In vpFREE@yahoogroups.com <vpFREE%40yahoogroups.com>, John Clark
<jaycee5353@...> wrote:
>
> Any opinions for a buy and hold investor in the current group of
>Gaming Stocks?Disclaimer: Please excuse the grammar. I focused on econ, rather than
English, in my undergrad studies.There are ZERO signs that there is a light at the end of this economic
disaster. More than one Nobel prize winning economist is on record
saying this "stimulus" package will only lengthen the depression (yes,
depression). Until the mass layoffs slow and the 401K accounts stop
getting smaller on the average gambler's (think…retiree) monthly
statement my suggestion is to stay away....stay FAR, FAR AWAY, from
almost all gaming-related investments.--XXVP opinion below--
Given the fact that this 'stimulus' will only expedite the long term
destruction of our currency along with the soon to come inflation
(think `Austrian School'), one of the smarter investments is gold
and/or silver. The traditionalists can chuckle all they want but it's
their portfolios that are down by a 1/3 to ½ in the past several
months. Those who purchased silver a few months ago are sitting on a
very healthy profit.Messages in this topic
<http://groups.yahoo.com/group/vpFREE/message/96575;_ylc=X3oDMTM2b2FsdXI2BF9TAzk3MzU5NzE0BGdycElkAzQ2NDEwMTcEZ3Jwc3BJZAMxNzA1MDY1NzMyBG1zZ0lkAzk2NjczBHNlYwNmdHIEc2xrA3Z0cGMEc3RpbWUDMTIzNDMzMTk5MQR0cGNJZAM5NjU3NQ-->(
6) Reply (via web post)
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Probably true to a point, at least with anyone in the
Macau market - China should bounce pretty quickly
compared to the US. A place like Harrahs - if they
were still publicly traded - would be a bad bet as
they are so big in Vegas. To me the problem is the
depth of the Depression. If you think the stimulus
will work Vegas will be back in the good times soon.
I don't think adding more debt to a market that badly
needs delveraging will do the trick. We are all going
to suffer for the "irrational exuberance" of the past
3 bubbles- stocks, commodities, and real estate.
As I said yesterday, the casual tourist who
flys/drives to Vegas to blow $5000 a weekend is
becoming an endangered species. If you think Vegas
changed a lot during the boom, just wait until the
crash shakes out - you ain't seen nothing yet!
JW
That is much too simple of an analysis for a complex
gaming market. You've
forgotten the fact that gaming is SO much more
international now, it goes
way beyond Vegas and local 401K balances. I remain
bullish on Wynn due to
their positions in Macau, Sands is not far behind
either. Sure, they are
both struggling, but for the "buy and hold" outlook,
they are best
positioned for growth once the global economy starts
to move again.> --- In vpFREE@yahoogroups.com
<vpFREE%40yahoogroups.com>, John Clark
> <jaycee5353@...> wrote:
> >
> > Any opinions for a buy and hold investor in the
current group of
> >Gaming Stocks?
>
> Disclaimer: Please excuse the grammar. I focused
on econ, rather than
> English, in my undergrad studies.
>
> There are ZERO signs that there is a light at the
end of this economic
> disaster. More than one Nobel prize winning
economist is on record
> saying this "stimulus" package will only lengthen
the depression (yes,
> depression). Until the mass layoffs slow and the
401K accounts stop
> getting smaller on the average gambler's
(think�retiree) monthly
> statement my suggestion is to stay away....stay
FAR, FAR AWAY, from
> almost all gaming-related investments.
>
> --XXVP opinion below--
> Given the fact that this 'stimulus' will only
expedite the long term
> destruction of our currency along with the soon to
come inflation
> (think `Austrian School'), one of the smarter
investments is gold
> and/or silver. The traditionalists can chuckle all
they want but it's
> their portfolios that are down by a 1/3 to � in
the past several
> months. Those who purchased silver a few months
ago are sitting on a
> very healthy profit.
>
>
> Messages in this topic
>
> 6) Reply (via web post)
>
Start
> a new topic
>
>
···
--- Dennis Salguero <salguero@gmail.com> wrote:
On Tue, Feb 10, 2009 at 9:59 PM, hockeystl > <vegasstl@charter.net> wrote:
> vpFREE Links:
http://members.cox.net/vpfree/Links.htm
>[Non-text portions of this message have been
removed]------------------------------------
vpFREE Links:
http://members.cox.net/vpfree/Links.htmYahoo! Groups Links
Any opinions for a buy and hold investor in the current group of
Gaming Stocks?
···
--- In vpFREE@yahoogroups.com, John Clark <jaycee5353@...> wrote:
*******************************************************************
Oh yea I do , just research messgs for my past opinions,
I am back buyin wynn in the $28 range or there abouts, as an investor
I liked the cost saving moves made, has large cash on hand to
protect. Low payments with enuf cash flow to make ends meet. Macau is
makin good money, the visa restrictions hardly matter as wynn is the
first choice & i am sure big money players can come & go .
Mr Wynn is the best operator in the bizness, Wynn will not only
survive but prosper in the loooong run as they increase market share.
Mr Adelson could not run a free bar at a navy base. That is an old
opinon.
Boyd casino co. is not well run, the non vegas casinos are doin ok.
Remember the Borgata was a 1/2 Wynn owned & designed casino before
selling out during construction , cant remeber other partner right
now damit.
Have met Mr Kerkorian , if any body can pull off City Center he can.
Expect maybe 1 or maybe 2 more casino sales but no more as does not
like to sell but if money needed to complte project, Dubai World may
be tapped out, he will get it.
Pinnacle has cash, but some casinos are not doing well & their
Atlantic City excursion has been "interesting" to say the least.
IGT been torched, only looks cheap as sales have slowed, but u did
said long term right?
Harrahs & station casinos bonds are toxic to say the least, both will
declare bankruptcy before end of year. ( no shit sherlock)
Right now I will only touch wynn & i expect to nibble on it for most
the year, just think that price will be low for a while. No need to
hurry.
BUT cant help thinkin about the great Carl Icahn who sold his
casinos ,the Strat, both Arizona Charlies & the Aquaris in Laughlin
at the absolute top of the market to goldman sachs making a killing.
Maybe should listen to him. ; )
M J
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Just another perspective on Wynn (see URL below).
I think this could be a gem for buy and hold investors,
just be aware of the risk. Of course with
outsized risk can come outsized reward. Vs other
gaming stocks this is a good pick, vs other investment
alternatives I'm not so sure. I'm in the camp of folks
who don't beleive that you'll see a LV boom comparable
to the last 5 years again for at least a decade. I'd
balance a 3-bagger reward possibility vs any bankruptcy
risk in that time horizon. IMHO
http://www.fool.com/investing/value/2009/02/12/7-stocks-that-could-
cause-permanent-losses.aspx
···
--- In vpFREE@yahoogroups.com, "mklpryy24" <mklpryy24@...> wrote:
--- In vpFREE@yahoogroups.com, John Clark <jaycee5353@> wrote:
>
> Any opinions for a buy and hold investor in the current group of
Gaming Stocks?
>
>
>
*******************************************************************Oh yea I do , just research messgs for my past opinions,
I am back buyin wynn in the $28 range or there abouts, as an investor
--- In vpFREE@yahoogroups.com, "worldbefree22001" <krajewski.sa@...>
wrote:
>
> >
> > Any opinions for a buy and hold investor in the current group
of
···
--- In vpFREE@yahoogroups.com, "mklpryy24" <mklpryy24@> wrote:
> --- In vpFREE@yahoogroups.com, John Clark <jaycee5353@> wrote:
> Gaming Stocks?
> >
> >
> >
>
*******************************************************************
>
> Oh yea I do , just research messgs for my past opinions,
>
> I am back buyin wynn in the $28 range or there abouts, as an
investor
>
Just another perspective on Wynn (see URL below).
I think this could be a gem for buy and hold investors,
just be aware of the risk. Of course with
outsized risk can come outsized reward. Vs other
gaming stocks this is a good pick, vs other investment
alternatives I'm not so sure. I'm in the camp of folks
who don't beleive that you'll see a LV boom comparable
to the last 5 years again for at least a decade. I'd
balance a 3-bagger reward possibility vs any bankruptcy
risk in that time horizon. IMHOhttp://www.fool.com/investing/value/2009/02/12/7-stocks-that-could-
cause-permanent-losses.aspx
Short seller looking at Wynn:
http://www.lvrj.com/business/39901037.html