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Opinion on  Harrah's Entertainment Inc (HET)     Sector: Services  >  Industry: Casinos & Gaming
Mayor’s Picks December 2006

Dec 20, 2006 02:21 PM GMT
Return Risk
-5.50% HIGH
Tracked Blogger

Recent News  
Via mainstreetstocks.com:  

Another month has passed and another round of Mayor’s picks has arrived. The news on the market right now is all about mergers and acquisitions. Some stocks will benefit others will suffer after making dumb moves. Overall it drives the market up (although artificially) and creates good gains for savvy investors. I’m still high on casino stocks but I see the high side coming soon after Harrah’s takes a buyout. Airlines are still on the comeback and retailers like Walmart are in the dumps. So here’s the results from the last 4 months along with my newest picks.


1 Month Return - 3.99%


2 Month Return - 8.29%


3 Month Return - 13.27%


4 Month Return - 23.58%


HET (79.50, +4.58%) - Buy - A buyout is coming and news is it will be around $90/share. Hold on to it if you’ve got it. Not a great longterm play but Harrah’s probably won’t be public much longer.

This is a tracking account  [?]   SocialPicks is not affiliated with mainstreetstocks. The POS/NEG sentiment is automatically determined by SocialPicks from this blog post and should not be recognized as a position recommendation by mainstreetstocks

HET:  This call was made on 12/20/06 @ $82.3
Rating:   Positive   $82.3 (12/20/06)
Gain/Loss:   n/a in 1986 days (+1.94% from dividend)
Target:   $90.00 (+9.36%) in One month


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