Melco Crown Entertainment Ltd (MPEL): Today's Featured Leisure Loser

Melco Crown Entertainment ( MPEL) pushed the Leisure industry lower today making it today's featured Leisure loser. The industry as a whole closed the day up 0.1%. By the end of trading, Melco Crown Entertainment fell 20 cents (-1.5%) to $12.80 on average volume. Throughout the day, 7.7 million shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of seven million shares. The stock ranged in price between $12.71-$13.32 after having opened the day at $13.18 as compared to the previous trading day's close of $13. Other company's within the Leisure industry that declined today were: Good Times Restaurants ( GTIM), down 13.4%, Rick's Cabaret International ( RICK), down 4.4%, Bluegreen Corporation ( BXG), down 4.2%, and Century Casinos ( CNTY), down 3.7%.

Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in Macau. Melco Crown Entertainment has a market cap of $7.92 billion and is part of the services sector. The company has a P/E ratio of 26.1, below the average leisure industry P/E ratio of 26.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 35.1% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Melco Crown Entertainment a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Melco Crown Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Ignite Restaurant Group ( IRG), up 6.2%, Marcus Corporation ( MCS), up 5.4%, PokerTek ( PTEK), up 5%, and Einstein Noah Restaurant Group ( BAGL), up 4.5%, were all gainers within the leisure industry with Chipotle Mexican Grill ( CMG) being today's featured leisure industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).
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