Jefferies Repeats Strong Buy on MTR Gaming

Analyst Lawrence Klatzkin sees a big buying opportunity

Jefferies repeated its strong buy on MTR Gaming (MNTG ), saying it sees a big buying opportunity for the casino operator. The company announced it sees fourth quarter earnings per share in the $0.10 to $0.11 and first quarter earnings per share in the $0.16 to $0.18. Analyst Lawrence Klatzkin says that the higher SG&A costs are mostly due to staffing the new hotel at MTR Gaming's Mountaineer resort.

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