Replies to post #2303 on MGM Resorts International (MGM)

[eastunder]

As the broader market trades lower, investors are betting on MGM Resorts International (MGM). Shares are 9% higher after activist investor Jonathan Litt said shares of the casino giant could double to the $55 level if the company converted to a real estate investment trust. The details were released in a presentation by his firm Land and Buildings, which is also rolling the dice to get four seats on the board to force MGM's hand. No comment from MGM just yet.

http://finance.yahoo.com/news/-activist-gambles-on-mgm--weight-watchers-whacked---s-p-500-adds-american-airlines-153547240.html