Bman

Bryan Dilbeck

Real Money Earned: $78.31
Location: Cerritos, CA
Member Since: 9/05/07
Portfolio Total:$604,857.40

Stock Analysis: 10

Portfolio Start Date09/05/07
Annualized Return:-18.2%
Total Return:-39.5%

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Stock Pick by Bryan Dilbeck

MGM: New Issue - MGM Mirage sells $750 mln in notes

Start trading MGM with real money!

Rate Analysis

2 ratings

Posted 386 days ago on 10/31/08

Market call:MGM will go DOWN
Target: $14.00 on 1/31/09
Current: $10.71 (-35.79% from time of market call)

Oct 30 Casino operator MGM Mirage (MGM.N: Quote, Profile, Research, Stock Buzz) on Thursday sold $750 million of five-year senior secured notes in the 144a private placement market, said market sources. Banc of America Securities, UBS Securities, RBS Greenwich Capital, BNP Paribas Securities, Deutsche Bank Securities, Morgan Stanley, Scotia Capital and Daiwa Securities were the joint bookrunning managers for the sale. BORROWER: MGM MIRAGE AMT $750 MLN COUPON 13.00 PCT MATURITY 11/15/2013 TYPE SR SEC NTS ISS PRICE 93.132 FIRST PAY 5/15/2009 MOODY'S Ba1 YIELD 15.00 PCT SETTLEMENT 11/14/2008 S&P DOUBLE-B SPREAD 1225 BPS/ PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE the stock run up is just a short Queeze. MGM is in debt by $50 a sh

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