Marcial: Is MGM Mirage a Sucker's Bet?

During its heyday in 2007, gaming giant MGM Mirage (MGM) traded as high as 100 a share, reflecting the booming business at its 10 casino resorts in Las Vegas and eight others in Mississippi, Michigan, and Macao. But the financial crisis and economic recession last year halted the good times and hammered the stock, which, by Sept. 15, 2009, had tumbled to 13.37. (The shares have recovered somewhat from a 52-week low of 1.81 reached on Mar. 6.)

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