Hedgeye CEO Keith McCullough is adding Las Vegas Sands to the long side of Investing Ideas. Below is a brief note.
In the current #Quad2 Volatility Regime, Full Cycle Investors invest when the VIX is in the high teens (and book some gains on green days)...
One name we have been waiting on, patiently, is Las Vegas Sands (LVS). Here's a good excerpt from Gaming, Lodging and Leisure analyst Todd Jordan's recent Independent Research note on the name:
|
...the pace of improvement has been painfully slow and we understand investor pessimism. However, Golden Week is coming in a few weeks and with Macau government promotions offered to Mainland Chinese, air capacity increased to support expected higher demand, and the potential for cross border vaccine recognition with Guangdong Province, we remain optimistic that May will display a significantly better month of growth. |
Buying on red so that we aren't chasing stocks on green,
KM
