Market Update and MGM Resorts International (MGM)
9 months ago
Pacific Northwest Edge
"MGM: Resilient casino op, 42% buyback since 2020. Strong Vegas presence, global expansion. Sale-leaseback freed cash for reinvestment. Historically underperformed S&P500 but recent shift to buybacks & debt reduction. Strong brand, cornered Strip real estate. 11x PE, 17.5% buyback/mkt cap. Recession-resistant cash flows."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Market Update and MGM Resorts International (MGM)
Source:
Pacific Northwest Edge
Published:
April 6, 2025
Idea Type:
Stock Idea