I'm going to agree with this price target. How with a recession or even worse depression around the corner are people going to justify going to Vegas? Most foreign tourism has slowed because of the dollar so all these BS price targets and Macau recovery false stories are scamming investors. Who cares if Wynn bought a boat load of shares. He's a billionaire what else is he going to do with his money?
That was priced in the stock back in Q3-Q4 when it was being pumped by all the analysts. Now the share price is pricing in the miserable Q1 and probably Q2 guidance that is coming so now the PT Cuts are rolling in.
Just like BBRY shareholders figured out, big cash no debt reverses pretty quick when your product is not being bought.
FITBIT will be in the single digits. It will be devastating if this law suit turns out to be true that the heart rate is a farce. It could go to 0 within days if FIT loses that litigation.
I called the teens months ago, This will get to the high single digits before too long. The insider selling like James Park has been unloading is the catalyst for the implosion. Nothing but downhill from here.
With China is disarray, Macau is going to be just another ghost city built in China. China's field of dreams, "Build it and we don't want them to come?. WYNN is going back to $50
Friend down there walked by the one at Northgate mall while Christmas shopping in Seattle and said there was nobody in there when he walked by it on the way in and out of the mall. Obviously.
The whole "watch" and "monitor" is a big scam. CEO Park should go to jail for fraud. I bet everyone's "fitness tracker" gives the same data. Go compare it to other people that have one and the "data" looks the same.