I can't believe that MBG would sell out for a measley 10% over the current stock price. The price of the stock is already up 50% this year so management must be doing something right. They just opened up the new convention center and tower and apparently are getting huge dollars for those rooms - something like an average of $300 per nite. And they still have half a mile of land to expand on south of Mandalay Bay.
If MGM takes over they could easily wreck my two favorite properties - Circus and Slot A Fun.
|