All three stocks are casino stocks with long term value but a lot of uncertainty in the short term.
LVS and MGM were up yesterday, but appear to be on their way to a negative close today, below their opening week numbers. This roller coaster ride will probably continue for a few months, so we have to determine whether or not we are tall enough to ride.
IGT is holding pretty steady around the $15.70 per share mark, and really it's our third option at this point behind LVS and MGM.
Reader par88 also mentioned Boyd Gaming Corporation (BYD) as a possible casino stock that could return to prominence when things get straightened out, and we tend to agree. Currently trading in the mid-$8 range, we are keeping an eye on that one as well.
Nothing major has happened since Monday, and we expect to ride the storm out a little longer before riding the roller coaster that is stock in casinos.
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