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NYSE:LVS
This summary was created by AI, based on 2 opinions in the last 12 months.
Las Vegas Sands Corp. (LVS) has recently been facing significant challenges, as indicated by mixed performance reviews from experts. The company had a disappointing January, with its stock declining by 19%, which can be attributed to weak performance in Macau and high operational spending. While it previously reported a top and bottom line beat, the positive financial indicators were overshadowed by disappointing margins in Macau. Experts express a general lack of enthusiasm toward gambling companies, with one expert explicitly stating their negativity towards such investments. Overall, the sentiment surrounding LVS reflects concern about its operational struggles and market performance.
He prefers Wynn Resorts (very well-run), but both will benefit from a Biden presidency and warmer US relations with China.
Feels consumer traffic is lower than before and remains low for the time being. He is still a little bit cautious on owning this. He would like to own it at some point just because of the real estate they own and that they are in one of the highest growth areas in the world. Trading at about 18X forward earnings, with a growth rate that should pick up. We’ll have to see about the economy in China. This is a high beta stock if you are trying to buy volatility.
Like all casino stocks, this is pretty volatile, but they can be great trading vehicles. The trick is to watch for the bottom formations. Whenever you are looking at a stock like this, you wait for a pullback, and then a base, and a break out. This has not started to do that yet. He would not buy this until it starts to move up.