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Re: molly1 post# 56

Sunday, 05/15/2011 1:03:13 AM

Sunday, May 15, 2011 1:03:13 AM

Post# of 438
Molly1,
I'm still holding on to my shares. I live in Vegas, and the local casinos are ALL having a rough time of it right now. Boyd is at least holding on / maintaining its PPS, although they have had some ups & downs.
Boyd's properties are economizing where they can. It's a slow climb back, and when the bigger strip casinos do better, the locals will do better too.
The local people don't really go to the Strip for fun, but they do work there. It's a trickle down type of situation.
As you probably know Vegas has gone through a bad period of housing repossessions, and the building trades have been hurt badly. These are/have been the two biggest employers in the area, casinos & construction. Without them, locals are hurting financially.
Most strip casinos' parent corporations are doing well only because of their Macau properties.
If you can hold long, then IMHO, do so. But if you can't stay long, then at least get your investment back.

If I can give you any local info, I would be happy to. GLTY!
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