(ISLE) dropped nearly 7% after the Biloxi,Miss. gaming firm said it's board has approved plans to dispose of its properties in Las Vegas & Tunica. The company will record a pre-tax asset impairment charge of roughly 55.4 million related to these properties in the 4th quarter. The loss on the write down, net of taxes will be roughly 34.5 million or $1.18 per share. Glad I don't own any of that stock! I may be wrong but don't they own the Lady Luck in Vegas. As for the Tunica property,(IMO)not enough gamblers to go around..
Greg Hale