I found an interesting argument related to MGM’s earnings and headline risk.
This blog (The Stock Sleuth) looks at the first quarter 10Q and points out that “the income statement will consolidate the earnings of MGM China”. And tries to imagine what impact that will have on the reported earnings when 65-70M of magical cash shows up. He’s bullish.He points out that there’s a 15% short float on MGM. (I think it’s closer to 17%)