MGM: Land & Buildings Decides To Go Big by Stock Pucker L&B is taking on one of the best-known casino operators, despite being relatively unknown itself. L&B thinks in the base case there’s upside to $33 a share, and in the bull case, $55 a share. It appears that MGM’s stock has been pressured of late due to Macau concerns, perhaps, justifiably. Land & Buildings (“L&B”) has been quietly waging battles in the real estate space for some time. Its specialty is REITs and real estate companies. During October of last year, we noted that L&B was working on unlocking value in…
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