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Economic situation in Las Vegas Sands Casino
 June 1, 2009, 8:25 am (2 years ago)Apparently, Las Vegas Sands was no exception as it has gone through a similar path as most other gaming companies in the past year. Their stock, well-known for its longtime positioning at safe-heaven area amongst for any investor, had severely fell together with the rest of the market.
After hitting the lowest when the companies stock fell to $1.38 a share, there has been a big turn. The company has witnessed its stock price go up more than 400% since March.
The question of whether it is able to keep its up rise or not is something a lot of analysts should be asking and they are attempting to answer. Some say that the company has in excess of debt to have investors keep boosting the price.
Other see a possibility for the stock to keep on going up if one thing was to happen; Sands have no choice but to sell off their Macau casino for that. They have been attempting to find a buyer, and if that sale does take place, some analysts think it could be the key to keeping a firm stock price.
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