The Worst IPO of 2012
The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith and editor/analyst Isaac Pino discuss topics across the investing world.
IPOs are exciting, but they can also be wealth-destroying. The gaming space has attracted a lot of attention lately with its impressive returns over the past few years. With growth in Macau slowing -- from ridiculous expansion to still amazing but less ridiculous-- many investors are looking at other opportunities.You may be tempted to pick up shares of this hot gaming IPO in that hunt, but Austin is seriously worried about the balance sheet this company brings to the table. In his opinion, there are far better plays out there. Look to companies like Wynn Resorts (NAS: WYNN) and Las Vegas Sands (NYS: LVS) , whose managements are as impressive as their portfolios, to deliver far better returns over the next few years.
The domestic gaming market, though showing a few signs of life, remains remarkably weak. Fortunately, there are three companies whose international growth stories we're particularly bullish on. If the trend continues, investors could be looking at internationally fueled new stock highs. Uncover them in our special free report: "3 Companies Set to Dominate the World." The report won't be available forever, so we invite you to enjoy a free copy today. You can access it by clicking here. Enjoy, and Fool on!
At the time this article was published Austin Smith has no positions in the stocks mentioned above. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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