Investing in the Casino Industry

[Dyepaintball12]

I am now getting into stocks and investing, and was looking at an investing related site called MorningStar.com.

On the front page today, it had an article about "Which Casinos to Roll the Dice On", and it mentioned that they suggested investing in Harrahs Entertainment and the Station Casinos.

Then after thinking about it, I a realizing that wouldnt it be a very good idea to invest in casinos? They have an endless supply of money!

[shadroch]

Wall Street was big on the casino bandwagon,then a few companies hiccuped and everyone ran away.
Harrahs and Stations,two stocks I own,are down quite a bit from their hi points.This means they are on sale.BUY them now,you won't regret it.
Two other companies are Mountaineer Racing,which owns a bunch of racesinos as well as The Horseshoe,and Empire Racing which will be the biggest operator in NY State when the dust settles.

[Dyepaintball12]

Alright im totally going in on them.

[Dyepaintball12]

What caused these stocks to get down so far??

[shadroch]

Harrahs missed its numbers by a few cents and Wall Street jumped all over them for it.Check out thestreet.com or Motleyfool.com for their take o it.

[Dyepaintball12]

I am now a proud owner of Harrhas stock.

[ScottH]

Originally Posted by Dyepaintball12

I am now a proud owner of Harrhas stock.

I'll make sure to count cards on all their properties so your stock goes down!

[shadroch]

Originally Posted by Dyepaintball12

I am now a proud owner of Harrhas stock.

Congrats.Welcome to the Ownership Society.Be sure you reinvest your dividends.Compounded dividends are one of natures most powerful forces.
If you have any interest,check out Sharebuilder.com or MyStockFund.com.
You can invest as little as $10 at a time and they handle all your paperwork,reinvest your dividends and much more.

[PokerJunky]

Please make sure you do proper due diligence on any investment. Research the stock fully and then make the investment. Shadroch may give you his opinion, but that is what it is. Shadroch gave you some good sites to do your research.

I see that your just starting, so I want you to make sure your fully aware of the risks. I put myself in a real hole years ago making rogue trades that I'm still paying back due to poor research.

Good luck

[Dyepaintball12]

Well, I didnt invest like a huge amount of money, but its an amount that should be enough to make some money. I have been to multiple sites such as Morningstar.com and others that say companies like Harrahs and Station are at a low right now and should definitely be invested in, so I think ill be all good.