Taking A Gamble On Wynn Resorts
Summary
- I recommend buying Wynn Resorts shares due to impressive financial results and reasonable valuation, despite the dividend yield being lower than the 10-year Treasury Note.
- Recent financial performance shows significant improvements: revenue, operating income, and net income up 8.6%, 33.5%, and 28.5%, respectively, compared to 2019.
- Long-term debt has decreased by 7.4%, reducing interest expenses by 4%, and the company has increased dividends significantly, though not yet to pre-pandemic levels.
- The market's growth expectations for Wynn Resorts are reasonable at 3.4%, and the stock is trading near the bottom end of its price-to-sales range.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Although I own no shares at the moment, I will be buying 300 when the market opens tomorrow morning.
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