Rates under $100 for Wynn is unheard of this does not even cover their cost. Wynn dropping their rates such level implies their demand for rooms are low.
With so many states approving casino projects does it not imply that traffic in Vegas would decline over years. Also Vegas keep increasing total casinos and hotel rooms which would mean supply would be more than demand. Also with Video Conference being getting better would companies cut down on conferences.
One needs to read up more about casino and hotel stocks and learn on valuations before investing in stocks like this. There is no justification of valuation so high for Wynn with current market cap and their debt the valuations for their three casinos is valued over $20 Billion dollars there is no way it would cost any where close to this to build 3 casinos plus this have all aged so they have depreciated. it would take close to $2 to $3 Billion per casino to be build and they are all old now there is no justification for this high valuations. All you need is little turn in economy and the stock will dive down. Also Vegas is getting over saturated there is more supply than demand. There are more casinos opening every where in many states as they are looking for more revenue. All this will impact Vegas revenue. Get out of this stock while you can.
i have bought a lots of calls for Aug hope we see a bounce soon big drop few days and not much up movement with market going up. Little scary
You may not need to wait for Dow to get to 4000- 6000 that may not be possible but definatly WYNN is going down
I compared Wynn Vegas stock to Wynn Macau and Wynn Vegas is up 20% in past 3 months while Wynn Macau is up by 5%. Historically both stocks have moved relatively close. This shows a near term pull back for sure for Wynn Resorts. This is highly over valued at this price.
Why invest with no growth stock like WYNN with greater risk of economy downturn which will impact their earnings and pull the stock down. CSCO is growing and has great growth opportunity
Market was up by 80 points and WYNN was down look for a free fall to $110 for WYNN its given look at the graph
With interest rates going up cost of doing business for WYNN is going to be high the market is spooked and with market going down WYNN goes down twice in percent what market goes down by. Good chance market will see a sell off in June by 10% which will bring WYNN stock down. People who have gained 24 % in the last 12 months are going to sell to lock in their profits now All things point to a sell off. I will buy WYNN at 100 to 110.
Wynn balance has now over $7 Billion in Debt to buy out Okada stock Wynn took on new Debt of $2 Billion which could put Wynn as a company at Risk if economy goes into any kind of problem and there is a loss of business. With this high debt there are lots of risk with Wynn and it would be hard for Wynn to survive. This has happened to many other Casinos and one of the main benefits of buying Wynn stock was they had low debt and with more debt there are very serious risk. More risky is if Wynn has to buy out also Steve Wynn's wife share they would have to issue even more loans.
Last earning report EPS was a beat more because there was less shares as Okada shares were not there any more so per share earnings looked good. Their revenue was not so great. At Current pricing there is more downside risk than upside.
This stock is all ready to go to $30 within days just like FSLR and its better than FSLR and will go up to $50 within 60 days. Listen to their earnings report and there were hints in that that suggest their conference is going to be huge. The information they will be giving was so significant to the upside and it was news on its on they decided to keep it seperate from earnings report. They would not look professional doing a conference to announce the guidance unless there was a significant news. More details needs to be provided. I belive they will suggest more Revenue for 2014, 2015 and also going profitable.
Cramer keep on pumping the WYNN stock. He is a clown with no knowledge of any industry. What does he know about valuation of a Casinos. One should look deep into investing into such stock and company as WYNN who is in Casinos as to how the valuations are based on and not just invest because of stock pumping by clowns like Cramer
Wynn owns three Casinos and has $6 billion in Debt and its market cap is at $14 Billiion that makes this company worth $20 Billion if they don't have any Debt. Who would pay more 20 Billion for three casinos where there is fierce competition like in Vegas the cost of building a new Casinos is in few Billion so where is the valuation of $20 Billion for this company. They do lots of dividend and special dividends and pull out money from business. In any business especially in Casinos and Hotels one has to reinvest back into business and continue the renovations which they are not doing so the property will deteriorate and eventually will see guest impact and stock will tumble. The valuation of so much high is not justifiable for three Casinos