Contrarian Casino Stocks
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Created by ContrarianProfits
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Date updated:11-04-2008

The casino industry has been one of the worst hit by the global downturn. But Jim Stanton says last week’s impressive rally could signal a bottom for sector “stalwarts” like LVS, WYNN and MGM . And mutual fund GACFX is a great way to spread risk on gaming sector investments.

This from Smart Profits Report:

symbol name last price % change open
  • +
  • GACFX
    N/a
  • $3.11
  • -0.10
  • $3.21

No Analysis added

People owning GACFX also tend to own: IGTLVSMGMSHFLWYNN

TheStreet.com Rating: No Rating What is this?

  • +
  • IGT
    Intl Game Tech
  • $20.59
  • +0.73%
  • $20.75

No Analysis added

People owning IGT also tend to own: ADPBACBSXCCLCMCSACSCOERTS

TheStreet.com Rating: C What is this?

  • +
  • LVS
    Las Vegas Sands C
  • $17.63
  • 0.00%
  • $N/A

No Analysis added

People owning LVS also tend to own: CSHCTRPJNJLGBTMKLQMARSVI

TheStreet.com Rating: D What is this?

  • +
  • MGM
    M G M Mirage
  • $10.87
  • +4.52%
  • $10.65

No Analysis added

People owning MGM also tend to own: AERTASRPCBCAPHSILSIXF

TheStreet.com Rating: D What is this?

  • +
  • SHFL
    Shuffle Master
  • $8.29
  • -1.78%
  • $8.34

No Analysis added

People owning SHFL also tend to own: ACASCLPHPQMRKPHIVZPNRA

TheStreet.com Rating: C- What is this?

  • +
  • WYNN
    Wynn Resorts
  • $66.54
  • +3.82%
  • $65.25

No Analysis added

People owning WYNN also tend to own: AAPLBLE.TOCHINACTRPELR.TOEMUFCX

TheStreet.com Rating: C What is this?

 

Start Price

Return Value

Start Date

GACFX 3.71 -16.17% Nov 4th
IGT 11.66 +76.59% Nov 4th
LVS 11.71 +50.56% Nov 4th
MGM 12.44 -12.62% Nov 4th
SHFL 3.08 +169.16% Nov 4th
WYNN 46.385 +43.45% Nov 4th

Average return:

+51.83%

Success rate:

66.67%

Tracking Started: 11-04-2008

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Q. can anyone explain the BGF seper...
11.12.09 | 20:03 PM Asked by BS7518

A. BGF was an enhanced income security,
which represented one share of common
stock (BGS) plus $7.15 principal amount
of senior subordinated debt. They first
separated the note from the stock, then
did a partial redemption of the bond.
You should have received the following
for each share of BGF
1 share common (BGS)
$4.28 cash per share for the partial
redemption (this includes dividend)
1 note with face value of $3.11

There really is no market for the bond
portion. You will probably end up
holding it until redemption.

Hope that helps.

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