Professional
Added to YB: 2024-10-22
Pitch date: 2024-09-30
MGM [bullish]
MGM Resorts International
-3.61%
current return
Author Info
No bio for this author
Company Info
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.
Market Cap
$9.2B
Pitch Price
$38.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.49
P/E
15.16
EV/Sales
2.31
Sector
Hotels, Restaurants and Leisure
Category
N/A
Longleaf Partners Fund Portfolio Holding: MGM Resorts International
MGM: Q earnings down 13% but long-term thesis intact. Strong FCF & buybacks boost FCF/share. Enhancing online offering, streamlining portfolio with non-core asset sales. Confident in management & CEO Hornbuckle. Hospitality/gaming industry volatile short-term, but long-term earnings potential solid.
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