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Mirage Resorts Inc

Article Abstract:

Mirage Resorts Inc is the owner and operator of the Las Vegas-based Mirage and Golden Nugget hotel/casinos. Five insiders cleared out more than 1.7 million shares from Nov to Dec 1992, at the $30 to $35 range, representing the highest ever insider sales for the issue. Another two insiders sold 219,700 shares from Jan 19 to Mar 10, 1993, at the $38.25 to $40.13 range. These insider distributions suggest a lack of positive fundamentals.

Hotels and motels

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Mirage Resorts Inc

Article Abstract:

Mirage Resorts Inc operates the Mirage and Golden Nugget hotel/casinos in Las Vegas, NV. Five insiders disposed of 1,701,841 shares last Nov and Dec 1992 at the $30.38 to $35 range despite the Mirage Resorts' record-setting sales for 1992. Two other insiders submitted their intention to sell 52,000 shares so the taxation factor has been negated. Most of the insiders sales were option-related but caution is still recommended.

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Bally Manufacturing Inc

Article Abstract:

Bally Manufacturing Inc has two casino-hotels in Atlantic City and operates the Jack LaLanne fitness facilities. The stock had a buy rating last Nov 1992 based on insider purchases at the $5 level. Two insiders acquired 8,000 shares in late Feb 1993 at the cost of $6.17 each. The continued insider buying indicates that good fundamentals are forthcoming.

Physical fitness facilities, Bally Manufacturing Corp.

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