Top Bears Reasons To Sell — Vote below!

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Company: Las Vegas Sands (LVS)
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29 votes

  Casino's teetering with economy going down the drains

With the economy is going down the tubes, casino properties are being badly squeezed; publicly traded casino operators MGM Mirage and Las Vegas Sands are down 90% and 96% from their highs just 1 year ago! These things also look like they are already pricing in a severe recession - or even a depression - suggesting that investors are worried they will even be able to survive.

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36 votes

  Expansion plans are poorly timed

LVS is expanding by developing its Cotai Strip project in Macao,[1], building the Marina Bay Sands in Singapore,[1] and opening the Sands Bethlehem in May 2009.[2] As a result, the company is swimming in more than $10 billion in debt,[3] dealing with rapidly slowing economy, and facing an unforgiving credit market. LVS's expansion came too hard at the wrong time and will result in the crippling of this company.

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