Author Topic: Magna down 20%  (Read 1099 times)

OPM

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Magna down 20%
« on: January 13, 2004, 11:28:49 PM »
It\'s good to see this.  Also, AmericaTab is up 50% especially when they offered the 7% rebate, hopefully this will lead to more rebates for all players.

Silver Charm

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Re: Magna down 20%
« Reply #1 on: January 14, 2004, 09:55:15 AM »

I told some people when Stronach took over that at least he is willing to try and make changes so lets give him a chance.

However, I also said that if his ideas do not work there will be some very good properties for sale and a lot cheaper than what Stronach paid for them.

brokerstip

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Re: Magna down 20%
« Reply #2 on: January 16, 2004, 04:15:21 PM »
Magna is an interesting stock.

Dave Rocker\'s hedge fund had a large position last I heard.
The optimists are looking at a gaming bonanza.
At this juncture, Flamboro in Canada is the only Magna track that has slots. (I\'m pretty sure that is the case)  
Pa. is very very close to a slots deal and Magna owns the Meadows in Pittsburgh area.

So, there is momentum there as well as Maryland from what I hear.

In other gaming/track news, Penn Gaming just bought Bangor and Scarborough Downs in Maine. Bangor passed a slots resolution recently while Scar rejected it locally. (they are looking to make compromise).
Of course, Penn owns Charlestown and a number of riverboats etc. They are more of a gaming company than a track operator at this point. But, they still own Penn in Grantville Pa. (near Harrisburg) and Pocono Downs in Wilkes-Barre Pa. So, slots seems to be in their picture as well.

Churchill has some prospects with their properties as well.....

Just FYI

Brokerstip

brokerstip

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Re: Magna down 20%
« Reply #3 on: January 16, 2004, 04:16:40 PM »
Magna is an interesting stock.

Dave Rocker\'s hedge fund had a large position last I heard.
The optimists are looking at a gaming bonanza.
At this juncture, Flamboro in Canada is the only Magna track that has slots. (I\'m pretty sure that is the case)  
Pa. is very very close to a slots deal and Magna owns the Meadows in Pittsburgh area.

So, there is momentum there as well as Maryland from what I hear.

In other gaming/track news, Penn Gaming just bought Bangor and Scarborough Downs in Maine. Bangor passed a slots resolution recently while Scar rejected it locally. (they are looking to make compromise).
Of course, Penn owns Charlestown and a number of riverboats etc. They are more of a gaming company than a track operator at this point. But, they still own Penn in Grantville Pa. (near Harrisburg) and Pocono Downs in Wilkes-Barre Pa. So, slots seems to be in their picture as well.

Churchill has some prospects with their properties as well.....

Just FYI

Brokerstip