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Started By
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Sell MGM?
Posted on 6/1/26 at 10:41 am
Posted on 6/1/26 at 10:41 am
Holding a decent amount of MGM since Covid crash. Should I sell it today? Guy is offering 48.3 and it's over 50
6
Posted on 6/1/26 at 11:22 am to Civildawg
Could tank or it could go some more but the old saying comes to mind currently "No one ever lost money taking a profit." Or you could sell half now and save the rest.
Posted on 6/1/26 at 7:24 pm to Civildawg
The offer from Barry Diller’s company is $48.30 in all cash. The reason it’s over $50 is the market thinks either he’ll have to raise his offer or someone else comes in with a higher offer. $48.30 should be your floor assuming nothing crazy happens.
Posted on 6/1/26 at 7:25 pm to Civildawg
quote:what? Why wouldn’t you just sell it at market price? What guy?
Guy is offering 48.3 and it's over 50
NM I see the post above mine now.
I was in a similar position with CFLT a while back, as long as the stock price held at the offer or above I waited until the tax lot situation was in my favor.
This post was edited on 6/1/26 at 7:28 pm
Posted on 6/1/26 at 7:48 pm to Civildawg
Is it bad that I’ve owned Amazon for about a decade and had no idea they owned MGM? 
Posted on 6/1/26 at 8:16 pm to CecilShortsHisPants
They don't own this MGM…they own the studio company, which is quite different.
Posted on 6/1/26 at 8:27 pm to TX_Tiger23
Ah, well excuse my ignorance. I don’t follow the entertainment industry too closely
Posted on 6/2/26 at 4:39 am to Civildawg
Crazy that Caesars sells and now MGM may sell, all within a couple of weeks of each other. You're talking about a combined 30 properties on the strip alone. I guess the writing has been on the wall for a while with how bad tourism has been and the shift in Vegas.
Posted on 6/3/26 at 4:18 am to Civildawg
I bought 300 shares in March 2020 for an average of $8.25
Of course, "I wish I bought more" but I'm pretty happy with nearly 500% upside. I bought a lot of travel stocks and RCL is my biggest winner of those. Looks like yesterday was a down day for MGM, had no clue about the offer, so thanks for this thread as I'll pay attention now.
Of course, "I wish I bought more" but I'm pretty happy with nearly 500% upside. I bought a lot of travel stocks and RCL is my biggest winner of those. Looks like yesterday was a down day for MGM, had no clue about the offer, so thanks for this thread as I'll pay attention now.
Posted on 6/3/26 at 6:14 am to Sho Nuff
Yeah I bought around the same time. Been holding awhile but sold it all the other day
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