MGM Resorts as a Robust Share Cannibal Pick

"MGM Resorts International, trading at a market cap of roughly $9.44 billion and a price-to-free cash flow of 7.3x, has reduced its shares outstanding by about 52.5% over the past years. Despite headwinds on casino spending, the strong brand and solid buyback yield make it compelling."

MGM is presented as a strong candidate with impressive historical share reduction (over 50% cumulative reduction) and a cheap valuation driven by its buyback yield. The brand strength and potential catalysts in its core markets support a bullish view.

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