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3 pts

Opinion on  MGM MIRAGE (MGM)     Sector: Services  >  Industry: Casinos & Gaming
Mayor’s Picks December 2006

Dec 20, 2006 02:23 PM UTC
Return Risk
-44.58% LOW
Tracked Blogger

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%


MGM (55.31, +13.47%) - Buy - This has been by far my best and most consistent pick. MGM will continue to rise on growth opportunities and risk to the low side is small because of the Harrah’s buyout. Not as good an opportunity as a few months ago but solid none the less.

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

MGM:  This call was made on 12/20/06 @ $56.18
Rating:   Positive   $56.18 (12/20/06)
Closed:   01/25/2007 @ $72.14 (+28.41% in 36 days)


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