Mandalay Resort Group s Shares On Rise

NEW YORK Mandalay Resort Group stock is expected to rise, according to an analyst from Merrill Lynch & Co. Mandalay s second quarter results, which will be announced August 24, are likely to beat estimates, resulting in an increase in the value of the company s shares.

Mandalay shares have gained 29% this year to the current value of 26 1/8. (8/23/00)

SOURCE: Bloomberg News