Daily Stock Opinions and Ratings

Opinions

Steve Carlin Magna Entertainment (A) MEC.A-T DON'T BUY Nov 27, 2008

Could never figure this name out. This is Mr. Stronach’s business. Management has been a revolving door. If you can't keep senior management in place, it indicates there are issues.

Steve Carlin

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$2.720

Stock price when the opinion was issued

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BUY

Making a lot of acquisitions, so cash flow is down. Book value is $7US. Quite cheap. High risk.

DON'T BUY

Not widely followed. Not sure of their growth or profitability.

BUY

A fast growing company. Slot machines are starting to get approved in different states. A good price.

BUY

Interesting. Speculative. Good company.

DON'T BUY

Feels management is taking too much money.

DON'T BUY

May have overpaid on acquisitions.

HOLD

Looking better since the corporate restructure in the Magna group. Has made a lot of acquisitions of US racecourses.

DON'T BUY

Will have to pay about $50 million fee to Pennsylvania for the rights to install slot machines. Also have a large capital expenditure to upgrade some of their tracks in the US.

DON'T BUY

A pretty risky situaton. Is it about Frank Stronach's personal interest or increasing shareholder wealth.

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Steve Carlin Magna Entertainment (A) MEC.A-T DON'T BUY Nov 27, 2008

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