MGM Resorts rallies after Mizuho says shares are undervalued [Seeking Alpha]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
investors.mgmresorts.com
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Source: Seeking Alpha
Analyst Ben Chaiken said the positive view on MGM Resorts ( MGM ) is tied to confidence that shares are fundamentally misvalued. He noted that MGM's ( MGM ) U.S. operations alone trade for ~4.7X EBITDA without factoring in the sports betting business. Mizuho thinks MGM ( MGM ) should command a higher trading multiple due to the growth opportunities with the Marriott partnership, potential downstate New York casino, BetMGM tracking toward profitability, casino development in Japan, and Dubai hotel. "We see a compelling FCF and stock buyback value creation path, whereby MGM could theoretically buy $4-5bn of stock over the next five years, putting MGM on a path to generate a double-digit FCF yield," advised Chaiken. MGM traded at a seven-week high earlier in the session of $46.58. The Seeking Alpha Quant Rating on MGM is flashing Buy, with strong factor grades for profitability, momentum, and revisions standing out. What to watch: The Nevada Gaming Control Board is due to release the
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MGM
News
- Will A Macau Recovery Drive MGM Stock Higher Following Q1 Results? [Forbes]Forbes
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- Las Vegas Sands' Loss Could Be MGM and Wynn's Gain [Yahoo! Finance]Yahoo! Finance
MGM
Earnings
- 2/13/24 - Beat
MGM
Sec Filings
- 4/11/24 - Form PX14A6G
- 4/9/24 - Form 8-K
- 4/3/24 - Form 4
- MGM's page on the SEC website