Opinions
Mike S. Newton, CIM FCSI
Melco Resorts & Entertainment
MLCO-Q
COMMENT
May 06, 2014
$35.320
Stock price when the opinion was issued
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Have 3 casinos stocks Las Vegas Sands (LVS-N), Wynn Resorts (WYNN-Q) and Melco Crown (MPEL-Q). Should I hold them over the summer? Has always liked casino stocks. Finds the business model and the cash they are making fascinating. A basket of these is good. Be aware that this is awfully volatile. He thinks they go up from here. Another interesting name is Galaxy Entertainment (GXYEF-OTC).