Beaten-Down Macau Gaming Stocks a Buy: Analysts
Posted on May 24, 2012 at 03:47 AM EDT
Macau gaming stocks have fallen out of favor, with the major names sliding an average of 20 percent since the beginning of May on worries about a sharp slowdown in gambling revenues. But, according to analysts at Nomura, the correction may be close to an end and the recent drop could present an attractive buying opportunity.