Based on the aggregated intelligence of 125,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, casino operator MGM Mirage (NYSE:MGM) has received a distressing two-star ranking. While one-star stocks have been the worst performers, our data has shown that two-star stocks still lag the market by a significant margin and should be approached with caution; conversely, highly rated stocks have outperformed the S&P.

With that in mind, let's take a closer look at MGM's business, and see what CAPS investors are saying about the stock right now.

MGM facts

Headquarters (founded)

Las Vegas, Nevada (1986)

Market Cap

$3.53 billion

Industry

Resorts and Casinos

TTM Revenue

$7.51 billion

Management

CEO James Murren (since December 2008)
CFO Daniel D'Arrigo (since August 2007)

Annual Revenue Growth (Average, Past Five Years and TTM)

14.5% and (1.3%)

Competitors

Wynn Resorts (NASDAQ:WYNN)
Las Vegas Sands (NYSE:LVS)

CAPS members bearish on MGM also bearish on

General Motors (NYSE:GM)
KB Home (NYSE:KBH)

CAPS members bullish on MGM also bullish on

General Electric (NYSE:GE)
Google (NASDAQ:GOOG)

Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months.

Over on CAPS, fully 52 of the 145 All-Star members who have rated MGM -- some 36% -- believe the stock will underperform the S&P 500 going forward. These bears include jgseattle and arbitare, both of whom are ranked in the top 10% of our community.

Last week, jgseattle wrote that MGM currently "has enough cashflow to cover the debt payment. I think this will change as the credit issues start to hit the consumer. How important is the trip to LV when you need to pay for food?"

In a pitch from last month, arbitare follows that bearish logic, predicting that whatever happens in Vegas ... will eventually come to a close:

They say the only way to win at Las Vegas gambling is to not bet. Except for Las Vegas casino stocks, which the odds are going to zero. An overbuilt and over-hyped city built on illusion of the "wealth effect" Americans are losing and will not likely return for decades.

Las Vegas will die a slow death. Every state wants gambling revenue, so will broke Americans drive / fly all the way to Vegas or drive 20 minutes to the Indian or River Boat Casino to lose their money? Would you want to retire in 100 degree heat?

... Cash in your chips and walk away, is my recommendation.

What do you think about MGM, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 125,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Google is a Motley Fool Rule Breakers pick. The Fool's disclosure policy always gets a perfect score.