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