Friday was a superb day for WYNN after earnings announcement after the market close on Thursday.
The reasons for the gain have been clearly illustrated. I have already been 'challenged' on my guesstimate
that WYNN could hit $500 pps in 2 years or less. I stand by that forecast. Just read the highlights of the confererence call for justification for this call. The immediate question is: "How long will it take WYNN to get back to $250"? I think it will be sooner rather than later. The next question is "When should one establish or add to a position"?
I believe (if you're looking out 2 years) that NOW is a good time and ADD more on any pullback.
I have a good position now (having established a position in early 2010 and subsequent buys afterwards the latest of which was Thursday during normal trading hours). I plan to ADD more shares tomorrow. This company pays a nice dividend and the yield is more than adequate to pay 'for the wait' for the ascension to $500+. And there is always a good chance for a 'special dividend' at the end of the year.
I hope opposition to my forecast persists as I love when stocks rise based on the 'wall of worry'!
I got no problem with your optimism other than its scale. Wynn was a good bet for a double when it was in the low-100s, just based on Wynn Palace plans and the existing strength of Macau. Then Hengqin got involved and that improved things, but Wynn is still constrained to the capacity it has, and its income per table isn't going to be expanded much by the growth of lower-end player traffic, so that was worth something but not nearly another doubling. Then China's economy stopped being a rocket to the moon and is starting to settle down into a mere racecar pace, which reduces the growth curve of Maccanese casinos.
So I'm sticking with my prediction of 250 by the start of 2016. That's only 16% at this point, or 9% annualized. But it's been fluctuating and is up the past few days, so there will be days where the remaining ROI is limited and days where it's expanded. And I know I'm being conservative on this. I'll take upside as a bonus. But no way would I expect another doubling.
Get ready for 200 by wednesday and then 170 by the end of MAy................But hey its your money playin with the biggest fraud the market has ever seen......MACAU NUMBERS ARE BOGUS AS WELL AS WYNNIE POOH......MNC ACCOUNTING AN ISSUE......