I was analyzing WYNN for a school assignment recently and I saw that their market/book ratio was very low meaning the company could be undervalued. They were on par with other companies like MGM and Caesar's in other metrics but compared to them it seems it is undervalued. Another thing that I think is bullish to WYNN stock is the undeveloped land they own. The WYNN has a big dirt lot across the street from the main property that is undeveloped, they also have a whole golf course that they could turn into another resort or condos one day (they have talked about this before). The area WYNN is located in is also starting to boom. The sphere has been built right next to it, Resorts World was built across the street, the fountain blue was just built north of the WYNN, and one day they will for sure tear down and build something new where circus circus is and they and beginning to clean up the area where Wynn is located. Am I missing something? Is the reason this stock isn't higher because it is a hospitality stock and people would rather invest in energy or technology etc.?
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