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NYSE:LVS
Feels this has a very strong outlook. Huge position in Macau. Very strong growth in gaming in Asia and they have the dominant position. Also have a strong position in Las Vegas. Trend in this business is very good. High margins. Has been increasing talk in the gaming industry of gaming companies spinning off their land holdings into REITs.
Been in and out of this one quite a few times in the past but haven’t owned it for the last 12 months or so. Missed on earnings last quarter. A pure China play and he would like to own when it looks like China is really on a roll. 85% of its revenues come from Asia. Long-term, he has no doubt that revenues and growth will continue. Probably looking at high double digit long-term growth.
This is a high beta stock. This is all about Asia and more particularly China. 81% of revenues today come from Asia. You could use this as a trading stock as it has that volatility. From a long-term growth rate point of view, this is probably one of the strongest growth companies out there. Expected growth rate of 20%.
Gaming industry, especially those tied to the Asian market such as this one, have not performed well in the last while. At best, sideways. Growth in China is slowing. You could look at this as a trading stock. Long-term there is certainly secular growth. High beta stock. Wouldn't be a buyer at this point.
This is a little extended. A lot of stocks in that area have already had a lift recently and have got valuation improvements. If you own, he would be inclined to take a little money off the table.