Sunday, June 14, 2015

Las Vegas Sands

Since the start of June, LVS has appreciated from $49.95 all the way back up to $55.00 (close to our buy in) at the end of the first week of June, back down to a close of $52.24 on Friday. This quick upward movement can be attributed to slight news of turn around numbers in Macao. These include the mass gaming segment up 9% and VIP segment up 3% month to month. Obviously the market has since corrected itself after that 10% gain in a week. 

I believe this company should continued to be held, (I would even suggest buying more if the price dropped again, to bad we can't do that). This stock still has a 44% upside for us and we are below our buy-in. As stated in the investment thesis Las Vegas Sands is in the best position to ride through the headwinds in Macao, once they pass the company will continue to dominate the entire industry.

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