Opinion

Double your money on the real estate of Sheldon Adelson's empire

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Jonathan Litt explains the catalyst that would cause Las Vegas Sands to double.

 
  
By Jonathan Litt

After months of trying to initiate some very rational changes at Las Vegas Sands (NYSE: LVS; $45), the company remains wildly undervalued due to its perception by investors that it is a consumer cyclical company when in reality it is a property company worth $85.

The stock is likely a double when looked at as a property company with best in class growth. LVS can realize this 100% upside by splitting the company into a LVS Mall REIT, LVS Lodging REIT, and LVS Gaming Company. Furthermore, the company's