I covered Melco for a cool 42% gain back in 2010 and had a feeling it would continue to grow...if I'd only listened to myself! Here we are another year and a half down the road and the stock is worth more than triple where it closed for me.
Since the time of that coverage, the Crown Macau has expanded into the City of Dreams -- a massive gambling mecca that is home to some 550 gaming tables and 1,500+ gaming machines, a Grand Hyatt, Hard Rock Hotel, the Crown Towers Hotel, and over 20 restaurants and bars.
Other jewels in Melco's gaudy Macau crown include Altira Macau (228 gaming tables), Mocha Clubs, and Taipa Square Casino (31 gaming tables).
They face competition from LVS and WYNN, but with no end in sight to the tremendous growth in "Vegas East," this stock will continue to shine. Confidence: 10.