Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company owns and operates Wynn Las Vegas casino resort in Las Vegas, which includes 22 food and beverage outlets comprising 6 dining restaurants, 2 nightclubs, 1 spa and salon, 1 Ferrari and Maserati automobile dealership, wedding chapels, an 18-hole golf course, meeting space, and foot retail promenade featuring boutiques. As of December 31, 2007, Wynn Las Vegas casino resort featured 140 table games, 1 baccarat salon, private VIP gaming rooms,...
Possible overvaluation: the P/E ratio is now at a massive 63! Even if the company was capable to meet its profit targets with absolutely no risk, the P/E would still be 35, ripe for a crash. This stock is a pure gamble, and you would get better value in Vegas. Good Luck, ~~~~Shane Halloran.
Steve Wynn created the Mirage, Treasure Island and Bellagio and sold them off to MGM. From his money he made from those sales he created WYNN Casino and Resorts. I've visited WYNN Macau and I believe they will become more profitable because of their location in Macau. The "Big Four" in Macau(Las Vegas Sands, The Lisboa, The Grand Lisboa and Wynn Resorts) create more revenue than Las Vegas combined.
Though 55% was less than expected....as the analyst at JPMorgan was saying....Septemebr is the slowest month and October's second week will start pulling traffic again increasing the revenue to peaks. This should be a buy on weakness....may be buying tomorrow on 4/10/2007would be a good idea...after a bottom has been made. Support between 150 and 145 lookz promising to me.
EnerNOC (Nasdaq: ENOC) 11% HIGHER; reports Q3 loss of $0.16, 9 cents better than the analyst estimate of ($0.25). Revenue for the quarter was $44.2 million, versus the consensus of $38.25 million. The Company reiterates its full year 2008 revenue guidance of between $101 million and $107 million. (Consensus is $105.37M).
Wynn Resorts Ltd. (NASDAQ: WYNN) 8% HIGHER; will replace Ashland Inc. (NYSE: ASH) in the S&P 500
Las Vegas Sands Corp. (NYSE: LVS) 6% LOWEER; Reports Q3 results. Also, more importantly, announces plans to raise $2 billion in fresh capita
The most-watched vice-presidential debate in history recently took place between candidates Sarah Palin, the Governor of Alaska, and Joe Biden, the senior Senator for Delaware, at Washington University in St. Louis. There were reportedly 70 million viewers according to Nielsen Media Research. Stockerblog.com has put together a comparison of the Joe Biden Stock Index, which is made up of the companies that are connected to the billionaire contributors to the Joe Biden campaign, and the Sarah Palin Stock Portfolio, which is made up of the stocks in the Alaska State disclosure filing for her ...
Tuesdays-Thursdays the next few weeks will be the heart of earnings season - we began today. Thus far I cannot make heads or tails of the action. Remember, our thesis we've been promoting all year - 2nd half 2008 estimates are far too high, especially fourth quarter hence guidance is going to have to be cut across many names; analysts are simply behind the ball. Since the dollar has rallied, what used to be safe haven (multinationals) who have been benefiting from a weak dollar, which is hiding pathetic organic growth, are going to see that benefit begin to erase. While CNBC cheered the...
Gotta tell you (and long time readers can attest) we were very frustrated throughout the 1st half of the year as we were screamed at by pundits about the "2nd half 2008 recovery" - I think at least 5x a week for months on end I used that line along with the term "Kool Aid thinking"during late winter and spring. After that thesis proved to fail, the Kool Aid pundits turned to "as gas drops 50 cents the consumer will be back" - hedge funds ran into retail stocks to run them up on "that thesis" - I said that one will be proven to be wrong but we looked foolish those weeks/months as we held ...
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About Wynn Resorts Ltd
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