在 9 月交易告吹后，MGM 已从 45–48 美元的收购价跌至约 28–29 美元，融资成本沉重，消费支出类股票疲弱；它仍产生强劲的自由现金流，拥有一个日本赌场开发项目，并通过 MGM House 涉足在线博彩。
逐段跳播
在我们刚刚发布的Value Options信中，我们提出了围绕MGM进行交易的想法。MGM被PeopleZink收购，这是一家Barry Dealer旗下的公司。他们是最大的出资方。
他们持有大约27%，我不记得价格是45美元还是48美元。MGM的收购价在45到48美元之间。我过去持有过MGM，在那次收购时卖掉了，因为我认为它的定价是合理的，而且存在一些风险。你永远不知道那里的组织环境会怎样。
So, in our Value Options letter that we just released, we floated the idea of trading around MGM. MGM was acquired by PeopleZink, a Barry Dealer company. They are the largest contributor.
They own about 27%, and I don't remember if the price was $45 or $48. The acquisition price for MGM was somewhere between $45 and $ 48. I had owned MGM in the past, and sold it at that acquisition because I thought it was, you know , fairly priced and there was some risk.
You never know the organizational environment there.
价格已经上涨了，所以我认为收购的融资成本很可能已经变得有些沉重。再加上，Toby，消费支出类股票真是惨不忍睹。如果你看看所有这些股票就知道了。这只股票现在的价格大约在28美元多一点。
所以你曾经持有它……而这一切都发生在9月。交易在9月告吹，股价一路跌到……现在是29、28。
Hmm, prices have gone up, so I think the costs of financing the acquisition have probably become a bit burdensome. Then add to that, Toby, the real misery in consumer spending stocks.
I mean, if you look at all of them. I mean, this stock is trading at around 28 and something right now. So you had it...and all of this happened in September. The deal fell through in September and the stock has dropped all the way to...it's at 29, 28.
MGM产生大量自由现金流，而且他们还有……澳门的表现有点低迷。他们还有一个即将在日本开发的项目。我认为那将是日本有史以来第一家赌场。这一点我可能说错了，但它很可能是同类中第一个达到这种规模的，或者类似的情况。
MGM generates a lot of free cash flow, and they have...you know, Macau was a little low . They also have an upcoming development project in Japan. I think it will be the first casino ever in Japan.
I may be wrong about that , but it's probably the first of its kind of this size or something like that.
所以是的，这是你会看到并说的一点：是的，人工智能对此有影响，在线赌博的普及也是如此。MGM通过MGM House参与其中，他们还有另一个互联网业务集团。
So yes, that is one of the things you look at and say : Yes, artificial intelligence has an impact on that, and the spread of online gambling as well. MGM is involved in this through MGM House and they have another internet group .