Wynn Resorts, Limited (WYNN)
A developer, owner and operator of destination casino resorts.
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Mad Money - Cramer Pick
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I think the Las Vegas/Casino based stocks are some of the best bets. Wynn, MGM, and LVS aren't going anywhere. Considering the DOW is back near 10,000, halfway back to its high, I can only imagine that as the rest of the country slowly recovers, you will see stocks like LVS which was once selling down near $2 a share back to $100+. The desire, want, need to gamble will not go away. The minute spare funds are available, casinos will be back to their prime. Companies like WYNN, MGM, and LVS are highly leveraged in their desire to expand, but will ultimately survive and be stronger for it. The timing of the downturn was bad, but even local to me (Western New York) the casinos here are upset that instead of making $120 million, they only make $102 million. Belive me, they aren't losing money and the only thing that has these larger traded companies in a bind is the poor timing to be highly leveraged. I don't think they are losing any money, they have just lost all ability to find financial flexibility, further leverage themselves, or possibly to maintain any loan covenants that would otherwise be a non-issue. As the economy recovers, their significant investments will pay off, their leverage will increase, they will be back to having financial flexibility, and they will again thrive.
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T161
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Analyst upgrade today. Successful Macau IPO. Casino stocks are bound to go up as the economy slowly recovers.
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Great upcoming play on China with opening Macau Casino...
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american exporters easy access to market in china run by a very competant co and dynamic wife
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The are the hottest gaming stock going right now. IPO means cash cash cash!
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beat by 10c today, Encore is up and runnings, 2nd Q in a row that negative variance harmed their table win, going to clean up from the cutbacks at MGM and LVS. Not over-levered.
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1 billion in cash..and Mr. Wynn....I also think it will be 120/share in 2010-2011.....
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Wynn Rocks
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This stock will be a 3 bagger by 2010. Wynn's management are brilliant and have proven their worth. I also belive in Mr. Adelson of LVS who is a genious too.
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Cramer said it will. Chinese
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Peter Lynch pick - I stayed at their Vegas location in January, and was very impressed by their luxury, attention to detail and overall experience. Their Macau property should be a tailwind going forward.
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Is WallStreet full of it or are these really some of the Fastest-Growing Stocks in S&P 500 Index
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Macau/China economy is coming back. Singapore casino will be coming online in 2010 and it is the only significant casino in the SE Asia area
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gAMBLING IS HERE TO STAY.
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Better balance sheet than its peers, top qualty product and better management.
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chart showing technical bullish setup

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