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Hike in my target price for MGM Resorts today

Hike in my target price for MGM Resorts today

Update June 1. If you look REAL hard I think you can see signs of a bottom in the Macao gaming market. Which would be good news for MGM Resorts International (MGM) and the planned first quarter 2017 opening of the MGM Cotai. (That casino/hotel would increase MGM...
Sell Hi-Crush on today’s huge surge

Sell Hi-Crush on today’s huge surge

Talk about slipping through the window just as it slides shut. At the beginning of May master limited partnership Hi-Crush Partners (HCLP) closed a $43.8 million public offering for 6 million units. Today, the units of this miner and distributor of tracking sand for...
Softbank clears the decks by paying down (some) debt

Softbank clears the decks by paying down (some) debt

Update June 7. Softbank (SFTBY) continues to pay down debt. The Japan-based telecommunications and Internet venture capital investor plans to sell part of its stake in Alibaba (BABA) for $10 billion, and its shares in GungHo Online Entertainment, a Tokyo game...

Raising target price on Bristol-Myers

Update June 6. The spring/summer meeting of the American Society of Clinical Oncology is the occasion of the year for drug companies reporting new research on cancer treatments. This year Bristol-Myers Squibb (BMY) has had a great meeting with a research report...

Buy ProShares Short Emerging Markets ETF

The plunge in developed market bank stocks–the U.S. KBW Bank Index moved into bear market territory today–is bringing intensified attention to the debt bubble in China. The problem isn’t new–some analysts and yours truly have flagged the huge build up in bad debt in...