A Thought On Gaming Stocks
 

After the disaster on the Gulf Coast and in New Orleans I began to wonder how that might effect the gaming income in Tunica. Have yet to do the research but I think the net of any Casino holdings in Tunica that did not have any active properties in the two stricken areas will show a substantial increase in gross and net income over the next 90 days to six months.

Anyone have any suggestions on how to capitalize on this theory? Or is it considered bad form to make a profit off the misfortune of others?

Re: A Thought On Gaming Stocks
 

I assume you are thinking those casinos not destroyed by Katrina stand to make a profit due to the death of their competition?

Most gaming stocks are not offered by individual casinos, but a corporation using a conglomerate of casinos to generate revenue. MGM Grand for instance owns not only MGM Grand but the Mirage, Mandalay Bay, Golden Nugget etc.

Since so many livihoods were wiped out, gambling revenue will probably decrease statewide. No one gambles when there's no food on the table...

You would be well advised to wait about 2 or 3 weeks (or at the end of the quarter) and pick up some insurance stocks on the cheap that have been hit hard by massive policy liability... these are bound to rebound in several quarters after the outflow of cash is stemmed...

I am also looking into timber stocks like Weyerhauser, which will probably benefit from an uptick in rebuilding in the devasted areas...

Re: A Thought On Gaming Stocks
 

find out what large companies are in that area that do massive building contracts.

Re: A Thought On Gaming Stocks
 

with the high price of oil less travel is in the future. plus higher intesest rates cutting into disposible income. so i suspect gaming stocks are at their tops for a long while. i would not hold any at this time that were heavily invested in places that you had to travel to.

Re: A Thought On Gaming Stocks
 

baby boomers are turning 60 this is just plain silly