Seeking Alpha -- Las Vegas Sands (LVS) received some much needed good news today as Bernstein released a note saying the company is undervalued. Las Vegas Sands has been hammered by short sellers in the last few months as have many other casinos. With the slowdown in Vegas very apparent in everything from gambling to real estate, short sellers pilled onto this stock with a beta over 3.5. However, with the stock down as low as $1.50 recently there seems to be the perfect combination of value investors jumping in and short sellers covering, in other words, a short squeeze that can produce rapid gains. The stock is over $2.25 right now, which is a 50% appreciation in two days. Here is CNBC’s Squawk on the Street discussing LVS:
