My Day Ruined By The Black Sheep

As usual, MGM is doing its own thing, down more than 3% in one day.

Why, you ask?

Why not? It’s MGM; it does that.

And as usual, in my quest for understanding why MGM does the things it does, I ended up on a number of Motley Fool posts talking about how awesome every casino except MGM is and why they are this unlovable duckling that deserves to be taken out back and shot.

Those posts have not helped my mood.

I was pleased when, upon getting back from my vacation, I discovered that Kerkorian had been moved to a more formal, less direct roll within the board. It’s about time. They’re also negotiating taking their Macao operation public on the China exchanges, and have managed to secure a majority position in said operations.

Basically, there’s a lot of good news coming from there. But people will not hear of it.

I cannot wait for this ugly duckling to grow into a swan, so that I might watch it take out the eyes of heathens – like vagrants on jet ski’s – in all of its’ stunning glory.