Wednesday, October 15, 2008

Another chance at Las Vegas Sands

Las Vegas Sands (LVS 13.48) traded almost 10 million shares yesterday, and someone has puked up this stock to give away levels.

A few weeks back, Sheldon Adelson came up with $485 million from his own pocket, to help LVS stay within their bank covenants. Maybe some people think he has to sell stock to come up with more money.

He already sold 55 million shares in a secondary at $50.25. Do you think he already burned through all his spare cash?

With a better credit market, and a couple upgrades from Wall Street, psychology could change on this stock.

Especially now that it is a teenager!

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