Wow is right. I was short MBG stock on Thursday but covered at the end of the day since they were due to release earnings that night. Earnings were $.20 over estimates and MBG ran up about $6 on Friday. I knew the earnings were good but didn't know why the stock kept going up all day. News must have leaked out on the buyout.
Personally I hope MBG rejects the offer. I like their properties just the way they are run now. MBG is the only casino company that can announce a major project and then have it completed in 18 months (like Mandalay Bay). Most casino companies take 2-3 years such as Borgata and the new DI. MBG is the best run casino group around and has been for years.
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