important disclosures appear on the last page of this report 1 krause fund research fall 2005 lodging and gaming recommendation buy analysts devin meyer uiowa edu jonathan iwert one year stock performance highlights 52 week high 46 77 low 27 83 beta value 0 94 average daily volume 2 26 m share market capitalization 12 60 b shares outstanding 139 67 book per 11 28 eps through 3q s 43 p e ratio dividend yield payout company roa 3 70 roe 14 sales 5 79 key financial ratios 2004a 2005e 2006e 2007e 25 44 66 88 29 10 03 23 45 20 71 mgm mirage nyse november 15 current price 38 93 target 53 57 looks to future beau rivage suffered significant damage due hurricane katrina casino will remain closed until early 2007 losing an estimated 350 million in revenue a positive note loss profit be covered by insurance
