[flopking]

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...