Wednesday, December 22, 2010

Is Las Vegas Sands' (NYSE:LVS) Run Over?

With Las Vegas Sands (NYSE:LVS) about to finish 2010 up by over 200 percent, the question arises as to whether or not the stock has any juice left in it.

The stock started 2010 off just under $15 a share, and are trading over $47 today, even after dropping over $1.

EPS estimates from analysts for Las Vegas Sands are 73.5% for full year 2011, and increasing on average of 23.1 percent through 2013.

LVS has developed six luxury casino resorts over the last ten years, with three in the hot Macau market and one each in Las Vegas, Singapore, and Bethlehem, Pennsylvania.

As Asia will generate about 40 percent of the revenue in the gaming industry, Las Vegas Sands is strongly positioned to take advantage of that growth for years to come; with estimations of about annual growth of $62.9 billion. Macau growth is projected to be 25 percent annually over the next five years.

That bodes well for the Sands, even if the U.S. economy continues to lag.

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