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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (163)7/30/1996 11:18:00 AM
From: John Tais   of 132070
 
Mike, I'd like to hear more about how you are playing the gaming
stocks, if at all. Some of the good ones, like Mirage, have fallen
quite a bit off their highs. The only position I have right now in
gaming is short puts on Casino Data Systems, but I'm not too confident
about them lately. The Carribean Stud video game doesn't seem to be
much of a hit. There is great premium in CSDS options so I prefer to
be a writer rather than a buyer. I also like Station Casinos, I think
it's a steal around $11 a share. Do you feel looking at price vs
EBITDA is worthwhile in the gaming stocks? A few of them always put
out their EBITDA numbers in their quarterly results. (STCI, Rio, MGM).
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