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Friday, April 9, 2010

MGM finally breaks out


Goldman a few days ago said MGM was its highest risk/reward stock in their universe.

So what is their real target on this name?

I've been saying 22.

I'll stick to that for now.

And the negative chatter from UBS this morning on MGM?

Doesn't the news of a 32.9% spike in  Las Vegas Strip gaming revenue for February offset their useless chatter?