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MGP IPO (MGM Growth Properties)

Discussion in 'Gaming & Casino Industry' started by decoctor, Apr 19, 2016.

?

Purchse MGP IPO on opening day?

  1. Go for it.

    2 vote(s)
    28.6%
  2. Wait and see.

    5 vote(s)
    71.4%
  1. decoctor

    decoctor
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    The IPO is coming out on the high end around $21 per share on 4/20. I have been considering picking up either 500 or 1000 shares that day. I am just seeing what other board members think; Purhcase on opening day or wait and see for a quarter before purchasing any.
     
  2. TBONE3336

    TBONE3336
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    This space for rent.
    VB Syndicate Founder's Club

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    I voted to wait and see. Several Entertainment companies have done similar REIT's and it seems like there was a drop not long after the IPO's then eventually a leveling off. Certainly not saying that is the case or the other companies are similar to MGM, just might be worth waiting a month and hopefully getting in a bit on the cheap.
     
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  3. jonnyvegas

    jonnyvegas
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    May want to wait. The MGM may not be the same after this weekend.
     
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  4. decoctor

    decoctor
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    LOL, forgot about the amount of potential damage that the VB group will do this weekend, hopefully enough to hurt their bottom line.

    I ended up taking the cautious route and went with 500. Planning to do the same thing at the end of the next three months. Taking a gamble that it will end up between 35-40 by year's end.
     
    • Good Luck Good Luck x 2

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