On Tuesday, when it seemed the market might just go Armageddon, I sold my LVS.  Then it immediately popped up, and I thought better of it, and bought back in.  Then I started looking at options and bought some June 24 calls when the stock was at about 22.70 or so.

By the end of that day it was up 5%.  I could talk about LVS, the brand, the company, and I will, but just the chart and recent price action should really be enough for you to want to own this stock.

I have pointed out before that in comparison to 2007 peak, this stock is incredibly cheap, and they've added a lot of future capacity since then.  Recently the earliest results from Marina Bay Sands in Singapore, which show a great response, have ratcheted up this stock.  

And before that we had this interesting story:

"A Playboy Club and a complex modeled after the Playboy Mansion are being developed for Macau."

http://www.businessweek.com/ap/financialnews/D9FV80UO3.htm

This may or may not be a material news story for the stock, but I think it is, and here's why.  Casinos with international exposure are a play not just on people's love of games, they're a play on Eastern cultures becoming more and more like Western cultures.  

The Playboy Club in Macao, like the Venetian in Macao (an idea transplanted half-way across the world) is a way to give Chinese businessmen their very own capitalist mythology.   Playboy, like Venetian, can take its place in the forming pantheon of brands.

Singapore is an example of a country which nobody thought would ever turn on to gambling.  This NYT article explains what they are trying to accomplish and how much of a break with their established identity this is:

"Casinos would be allowed in Singapore only 'over my dead body,' Lee Kuan Yew, the country’s founder and a fierce opponent of gambling, once said.

The so-called minister mentor of a government led by his eldest son, Mr. Lee, 86, still casts a long shadow over this city-state. But two casinos, as grandiose and gaudy as anything in Las Vegas or Macao, have opened here recently — with his blessing."

- http://www.nytimes.com/2010/06/07/world/asia/07singapore.html

There has also been talk of Japan.  Basically, Sands wants to be everywhere.  They want to lead the world in gaming destinations that are more than just gaming, they become iconic. 

Confidence 9.