This title would have been more apropos as it reclaimed $10 in May 2009 or when it cracked $20 in March 2010.  But compared to its prior peak value, LVS could have a ways to go.

Today is an off day on news that a land use application in Macao was denied.  They can appeal, and it's not immediately apparent what material affect this will have on their business.  http://bit.ly/egr7ml (StreetInsider)

But I do know having watched this chart lately that the stock loves the $50 level and in the very short term it's almost guaranteed to get back to $51 or $52 which is enough for me to wring some profits out of Dec 18 calls.  But that is another matter.

If you are a long term investor I consider this a fair entry point into a stock that could double.  (Eventually.)  

This company basically owns the whole gaming scene in Macao (though Wynn is a competitor) and is expanding into parts of the world that others have thus far not, such as Singapore where its Marina Bay Sands is expected to contribute a significant amount of revenue even in its first year.

Despite a huge recent run-up (I closed my ProofTrader position at around $40 only to see it shoot up to $50) the forward P/E is 29.58 which seems quite reasonable to me considering the growth they are likely to see over the next few years.

So I did famously say "It will never recover its lofty highs" in this coverage from last December with the stock at 16.04: http://prooftrader.com/symbol/LVS/212/Once-a-power-player-then-left-for-dea...

However lately I am reconsidering.  At around $50 maybe it's destined to get back to $100.

Confidence 8 as this stock has always been good to me.