Right now, I'm in "pre-board" mode.
That's what I call the day before I go on vacation. Part of my mind
is already swimming with all the fun things I'm going to do during
my time off. But I'm also grounded by the work I have to finish
before I head to the airport. Come hell or high water, however,
tomorrow morning I'll be off to the airport to catch my flight to
If you've know anything about me, you know that I'm a poker buff.
Once a year, some poker buddies and I all meet in Vegas for a week
of hitting the tables and catching up.
As someone who also loves investing, I think Vegas is a pretty
interesting place. There really isn't a better indicator of how
consumers are feeling than spending a week on the Strip. Given the
economy, it shouldn't be a surprise that many resorts are
struggling and revenues for most casinos are down.
Some investors are taking major stakes in Las Vegas casinos with
eyes on a rebound. Hedge fund manager John Paulson recently bought
major stakes in Harrah's,
MGM Resorts (
Boyd Gaming (
I'll hold off on following Paulson's lead for now; it's too early
to tell if the casinos will reward any of their investors.
But as I was planning my upcoming trip to Vegas, I did come across
an investment I believe has much better potential. I'm warning you,
this pick is in a volatile industry that many investors choose to
shun altogether. But if you want the details, including the stock
I'm watching now, simply watch the video below. (Don't forget to
make sure your speakers are on, so you can hear.)
In the meantime, during my trip we'll see if my friend Michael
Mizrachi can take home the coveted World Series of Poker bracelet.
I'll also be trying my own luck -- at much lower stakes. Michael's
already won $1.5 million in preliminary events this summer, so no
matter how you cut it, he'll go home a winner. Hopefully I will
-- Amy Calistri
Amy Calistri is the Lead Investment Analyst behind
StreetAuthority's Stock of the Month and The Daily Paycheck. Amy
has broad experience in finance, including helping to manage over
$5 million in trust funds for a non-profit. Before joining
StreetAuthority, she created and taught online investment courses
used by Bloomberg.com and National City Corporation and even worked
with noted economist James Galbraith, with whom she authored
several publications. Read more...
Disclosure: Neither Amy Calistri nor StreetAuthority, LLC hold
positions in any securities mentioned in this article.
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