It's obvious

Implications: The inability of Dubai World to amass more shares of MGM stock is pretty easy to understand

Analysis: Here is the deal, why on earth would MGM stockholders surrender their shares to Dubai World at a mid-90's price when all indicators dictate a higher value. First, every stock analyst has MGM value priced at 115-125 a share. This valuation reflects the myriad of projects MGM has in the pipeline as well as the stellar performance of its existing properties. Mgm has their joint ventures with Foxwoods and Kerzner, Their City Center project and Asian involvement in the pipeline. Today they announced what I have been saying for awhile, their City Center-east project in Atlantic City. So, most stockholders took a look at all this and said, we'll pass on the Dubai World offer and wait for one higher or sell when the stock migrates to its proper level of 115+.