MGM Resorts International (MGM): One for the watch list

Growth or value. Growth or value.

If you’re looking for the fastest current growth in the gambling sector, especially among the companies positioned to reap the rewards of growth in Macau, Singapore, and other Asian gambling hot spots, I suggested in my March 8 post going with Las Vegas Sands (LVS) or even better the company’s Macau unit Sands China (1928.HK) For more on the sector as a whole and how I’d handicap the players, see my March 8 post http://jubakpicks.com/2012/03/09/all-the-growth-in-gambling-is-in-asia-heres-how-to-invest-in-it/

But if you’re looking for value—and a chance to make good profits with lower risk—I’d go with MGM Resorts International (MGM) on any pull back from today’s $14.22 (as of 3 p.m. New York time) to $13.30 or less. (While I’m waiting, I’ll put this on my watch list http://jubakpicks.com/watch-list/ )

What has put the stock on my radar screen? Read more