Just reported earnings and although they met all expectations the big kicker is that they grew revenues 93.3% in 2010 compared to 2009. They are attributing this to the opening of City of Dreams project. Which was only open for 6 months out of the year.
Now for 2011 it will be open for the entire year. This should easily put a .07-.08 earnings per a share price tag for MPEL going forward.
This should raise the price target to $10-$12 for 2011.
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