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Anybody have any input on buying MGM stock right now ??

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Posts: 29

wonwiththehook

Captain

Joined: Mar, 2007

Posts: 6307

Posted: Oct. 23, 2008 - 6:07 PM ET #26

Quote Originally Posted by wallstreetcappers:

Rat,

At these prices I could EASILY see one buying another..why not?

Long term at 10-11 IGT is a triple, if they dont get bought out or go private.

You talking LVS buying MGM out ? What do you mean IGT is a triple ?

Thanks to everybody too, I did not buy MGM yet, thinking of going with LVS and IGT.

Wallstreet, what do you think of buying Verizon stock ?

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58423

Posted: Oct. 23, 2008 - 6:32 PM ET #27

wonwithhook,

I am not a fan of VZ, they arent a bad company but they arent a GROWTH stock, rather a WMT sort of company..meaning they sway with the SPX. If you are looking for a decent safe divi that isnt a bad call, but I am looking for more aggressive growth.

ogmike

Veteran

Joined: Jul, 2002

Posts: 2947

Posted: Oct. 23, 2008 - 6:47 PM ET #28

I am long MGM right now, and will probably buy some more here if it falls below 10 again. Hell, I'll probably buy even if it doesn't fall. I'm an amateur investor, so I'm just going with the name. MGM's presence is all over the strip. And once this economy rebounds, I have no doubt that people will flock back to Vegas to give their money away.

wonwiththehook

Captain

Joined: Mar, 2007

Posts: 6307

Posted: Oct. 23, 2008 - 10:31 PM ET #29

Quote Originally Posted by wallstreetcappers:

wonwithhook,

I am not a fan of VZ, they arent a bad company but they arent a GROWTH stock, rather a WMT sort of company..meaning they sway with the SPX. If you are looking for a decent safe divi that isnt a bad call, but I am looking for more aggressive growth.

Thanks WS. I'm kicking around a few thoughts and appreciate your advice. I want an aggressive growth stock myself, as I'm not planning on needing this money any time real soon. I'm actually trying to get a portfolio put together to try to fund my 2 year old's college. I would listen to any advice you might have.

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Anybody have any input on buying MGM stock right now ??

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