Retail Investors Confuse MGM Resorts (MGM) with Privately Held Metro-Goldwyn-Mayer Studios Inc.

MGM Resorts (MGM) is the Las Vegas casino company that is a favorite short of Credit Bubble Stocks.

Metro-Goldwyn-Mayer Studios Inc. is the media company that is owned by a consortium of private equity firms. It is financially distressed and is asking lenders to approve a "prepackaged" bankruptcy plan that would wipe out most of the equity in the company.

In the news today is a merger proposal that Lions Gate Films (LGF) has sent to MGM Studios. The deal is supported by Carl Icahn, who owns stakes in both LGF and MGM studios.

Judging by the Yahoo! message boards and other anecdotal evidence, there are quite a few people who don't realize that MGM Resorts (MGM) and MGM Studios are totally different companies.

A sucker is born every minute!