Holy Fat Elivs, Las Vegas Sands (LVS) Shares at $2.13!

Viva Las Vegas or hit rock bottom like Fat Elivs after one too many helpings of spaghetti.  Like it or not, Las Vegas Sands (NYSE:LVS) shares finished the day after-hours at $2.23.  So all you can eat at the Sands or throw up now? A full plate of Ragu pasta has never looked better.

A year ago Las Vegas Sands Corp. (NYSE:LVS) shares were over $90 and today LVS shares hit $2.13 before ending the day after-hours at $2.23.  Where's the bottom for the Casino Stocks?

If the House always wins, don't bet on the Sands, at least not yet.  Las Vegas Sands got hit twice today, first by Wynn Resorts (NASDAQ:WYNN) poor earnings call then by Jeffrey Logsdon of BMO Capital Markets comments on Macau and our horrible U.S. economy impacting LVS.  None of it good and all of it continues to damage Las Vegas Sand shares, in the last 30 days shares have fallen 36% and their market cap is now down to $1.39 billion.  The take from gamblers on the Las Vegas Strip fell 23 percent in December compared with a year earlier.  Bottom line, Gamblers are running out of money and investors are concerned about bankruptcy, thus $2 a share for the Sands.

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No really, the suit fits fine and it looks great on you.  More spaghetti?

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