Mizuho analyst Ben Chaiken believes MGM shares are undervalued and could buy $4-5bn of stock over the next five years, leading to a compelling free cash flow and stock buyback value creation path. He also thinks MGM should command a higher trading multiple due to its growth opportunities.
Chaiken believes online sports betting has more growth opportunities. He expects ESPN customer base and integration with ESPN Bet to give Penn Entertainment an edge. He also thinks MGM Resorts could persuade hotel guests to sign up for BetMGM app, and DraftKings should see revenue growth as more states legalize sports betting.
Despite positive long-term returns, MGM Resorts International's share price gains are slowing. Five warning signs in the investment analysis, one of which is concerning, suggest it may not be the best stock to buy.
CFRA analyst Zachary Warring maintains his buy rating on MGM's stock, seeing a 38% upside. He views MGM as the main beneficiary of the Super Bowl and believes shares are undervalued despite recent pullback.
Analysts defend MGM Resorts' strong results, citing growth avenues like improved positioning in Macau, better BetMGM performance, and potential NY casino license. MGM's current trading at 6.1X FY25 EBITDA estimate is seen as a bargain given its cash flow durability, growth in Macau, share repurchases, and long-term growth pipeline.
Despite positive earnings growth, the forecasted decrease in earnings over the next three years is worrisome. The current P/E ratio may not be sustainable with these declining earnings predictions. Current prices may not be reasonable unless conditions improve.
BetMGM CEO Adam Greenblatt sees the partnership with X as a unique chance to broaden their audience. This comes amidst rivalry from other online sports betting firms.
美高梅股票討論區
Burry’s top 15 positions in his portfolio according to his most recent 13f filing:
$京東(JD.US)$ : 6.11%
$HCA醫療(HCA.US)$ : 5.72%
$甲骨文(ORCL.US)$ : 5.57%
$花旗集團(C.US)$ : 5.44%
$西維斯健康(CVS.US)$ : 5.43%
$Nexstar Media Group(NXST.US)$ : 5.39%
$谷歌-A(GOOGL.US)$ : 5.17%
$Star Bulk Carriers(SBLK.US)$ : 4.95%
$亞馬遜(AMZN.US)$ : 4.82%
$美高梅(MGM.US)$ : 4.72%
$Booking Holdings(BKNG.US)$ : 4.69%
$Advance Auto Parts(AAP.US)$ : 4.52%
$Warner Bros Discovery(WBD.US)$ : 4.51%...
Michael Burry Portfolio
$阿里巴巴(BABA.US)$$京東(JD.US)$$HCA醫療(HCA.US)$$甲骨文(ORCL.US)$$花旗集團(C.US)$
$西維斯健康(CVS.US)$$Nexstar Media Group(NXST.US)$$谷歌-C(GOOG.US)$$Star Bulk Carriers(SBLK.US)$$亞馬遜(AMZN.US)$$美高梅(MGM.US)$$Booking Holdings(BKNG.US)$$Advance Auto Parts(AAP.US)$$Warner Bros Discovery(WBD.US)$$Vital Energy(VTLE.US)$$Block(SQ.US)$$布魯克(BRKR.US)$$Toast(TOST.US)$
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