With half of 2012 in the record books, it's important to take a look at whether the stocks that interest you can live up to their full potential. By making sure you know about a company's future plans and possible challenges, you can make a better decision about whether it's a smart investment for your portfolio.
Today, let's take a look at Las Vegas Sands
Stats on Las Vegas Sands
|Average Stock Price Target||$58.63|
|2012 EPS Estimate||$2.67|
|2013 EPS Estimate||$3.08|
|Fiscal 2012 Sales Growth Estimate||24.8%|
|Fiscal 2013 Sales Growth Estimate||13.4%|
|CAPS Rating (out of 5)||***|
Source: Yahoo Finance.
Will you win with Las Vegas Sands?
It's certainly reasonable for investors to think that a slowdown in the Chinese economy could have an impact on the gaming industry there. With Las Vegas Sands, Melco Crown Entertainment
But much of the concern about an Asian slowdown seems overdone, at least as it applies to Sands. In the conference call following Wynn's second-quarter report, CEO Steve Wynn said that the Macau market has gotten more competitive, but noted that the new hotels in the area came from Las Vegas Sands. That should give Sands a bigger share of Macau revenue, and even if that revenue doesn't grow as quickly as it did in the past, Sands should still benefit for years to come.
Moreover, geographical diversification gives Sands an advantage over its peers. Just as MGM Resorts
All in all, there's plenty of reason to think that the retreat in Las Vegas Sands' stock price is just a temporary blip. It may not be a sure thing, but the odds definitely seem to be in favor of Sands being a winning bet for the rest of 2012 and beyond.
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Click here to add Las Vegas Sands to My Watchlist, which can find all of our Foolish analysis on it and all your other stocks.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.