The turmoil in the markets makes it too easy to justify selling any stock these days. Yet, while panic never helps investors, it's still a good idea to play devil's advocate with investments.
Consider casino king MGM Mirage
Here at The Motley Fool, we like to consider both the good and the bad sides of an investment, so in this article, I'm highlighting three of the main bearish arguments on MGM Mirage today. Be sure to read the bullish side as well, and then weigh in with your own comments below, or rate MGM Mirage in CAPS.
1. Lowered expectations
Wall Street is forecasting a loss for MGM Mirage this year, and many CAPS members think it's too early to bet on a sustained recovery just yet. While Melco Crown Entertainment
2. It's the economy
Las Vegas has experienced one of the worst declines in tourism in decades, forcing casino operators like Boyd Gaming
3. Thorny balance sheet
MGM Mirage is loaded down with debt. While the company is looking at possibly raising money in Hong Kong -- like peers Las Vegas Sands and Wynn Resorts -- and CityCenter offers a possible boost to business, one Oppenheimer analyst says the company still needs more capital. Many CAPS members agree.
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Fool contributor Dave Mock is still looking for that good reason why he doesn't deserve the recent parking ticket. He doesn't own shares of companies mentioned here. Melco Crown Entertainment is a Global Gains recommendation. The Fool's disclosure policy had the pleasure of sitting in the carnival dunk tank last weekend.