MGM Resorts International Shares Reduction Opportunity

about 1 month ago

Ryan Henderson

"MGM Resorts International, trading at a market cap of $9.4 billion with a price to free cash flow of 7.3, has reduced its shares outstanding at an 8.4% annual rate for a cumulative reduction of 52.5%. The stock is still cheap today despite concerns around Las Vegas spending."

MGM Resorts International (MGM) is discussed as a strong share cannibal candidate with aggressive share buybacks over the past decade. Its low valuation metrics and significant share reduction strategy suggest a potentially undervalued opportunity despite market worries related to the casino industry.

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