Las Vegas Sands Shares Win Big in 2010

Las Vegas Sands Corp (NYSE:LVS) shares are up 227% in 2010, and are now trading just less than 50 Cents from its 52-week high.  Wall Street is in love with LVS and this week alone shares have moved up another 10%.

WINNER WINNER
Las Vegas Sands (LVS) shares hit a new 52-week high yesterday thanks to Standard & Poor's Ratings Services outlook increase from 'negative' to 'positive' reflecting improved performance.

WallStNation.com Sponsors - Become one Today

Yesterday the S&P credit rating was reaffirmed at the below-investment grade mark of "B-".  The analysts said that reflects the company's significant debt burden, aggressive development plans and the continued reliance on equity-cure payments - short-term stock sales to avoid debt default.

Last month the Las Vegas Sands Corp (NYSE:LVS) narrowed its first-quarter loss to $28.9 million, or 4 cents per share, compared with a loss of $80.9 million, 12 cents per share, a year earlier.

Sands' net revenue was $1.33 billion, a figure it called a record high, compared with $1.08 billion in last year's first quarter.

The company's total debt as of March 31 was $10.46 billion, with $131.3 million due this year. Another $1.35 billion is due next year.

SOURCE: http://www.forbes.com/feeds/ap/2010/06/15/business-specialized-consumer-services-us-las-vegas-sands-s-amp-p-rating_7690254.html?boxes=Homepagebusinessnews