Thursday, August 14, 2008

Melco Update (MPEL)

I discussed Melco on a July 17th posting re: how the stocks were getting DESTROYED. I haven't bought any stock in the company but I am going to when I get some free cash. Long-term type of holding for those with disposable cash and a more speculative risk/reward bent.

2Q EPS out - The stock jumped on HUGE volume.

This might be the initial breakout for the stock. HUGE growth in EBITDA, revenue, etc. This is a leveraged company but I like the play on Chinese gaming (Macau) and this is the best pure play. Seems like a good point to be buying shares to me.

Motley Fool also seems to think this stock might double

Definitely worth doing some Due Diligence on....
Dan Ross

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