10Nov/080
Gambling on Casino Stocks
It might be ironic to invest in casino stocks, but these stocks are looking quite attractive at the moment. No matter how bad the economy may look, people will still gamble at the casinos.
WYNN @ 47
- One of the highest ranked luxurious casino resorts in Las Vegas
- Recently released a very strong quarter about 2 weeks ago
- Just added to the S&P 500 Index
LVS @ 7
- Extremely undervalued stock and company at this point
- Recent quarterly loss is narrowed, not as bad as expected
- The casino owner Sheldon Adelson is a multi-billionaire and one of the world's richest men
- The company just announced that it will raise additional funding of $2.14 billion
- Rumours of bankruptcy is not going to happen anytime soon
- The company owns some of the world's top resorts including The Venetian (Las Vegas) and Sands (Macau)