Wynn: A Winner In the Long Run?

摘要

Casino stocks have taken it on the chin because of fears their business will dive with the economic downturn. Wynn Resorts (WYNN) plunged to 9 9.19 on Mar. 3, down from 174 on Oct. 29, despite strong earnings and revenues. Some see an opportunity. Its results in Las Vegas and Macau show that Wynn has established itself as the "premium high-end casino brand," says Robert LaFleur of Susquehanna Financial Group, who rates the stock a buy.