WYNN 全部观点

Next up is Wynn Resorts. Do you want to talk about the final stage of kangaroo stock? Look at Wynn Resorts. It's basically in the same place in 5 years, right? But how much has happened in these 5 years!

Many of the worst things that could have happened to a company like Wynn Resorts have happened since 2020. The 2020s have been a tough decade for Wynn so far , haven't they ? You know that the Corona pandemic hit at the beginning of the 2020s.

This resulted in Vegas being closed for a long time and Macau being closed intermittently for about 3 years. It was funny. While Vegas began to see a surge in crowds in 2021 and 2022, Macau was still in a state of disarray due to lockdowns and restrictions.

It did n't seem like Macau would be fully back to normal before 2024 , did it? And that was very destructive. Then interest rates rose sharply , which became a problem for companies like Wynn that had borrowed heavily to build large resorts.

This is also seen as a negative aspect , right? At the same time , rampant inflation, which puts pressure on consumers , could reduce tourism. Additionally, at least in the case of US businesses , the number of international tourists has definitely decreased a lot, because we all know the changes in America in the last few years , right?

While it didn't affect Wynn as much as other players on the Las Vegas Strip , it did hurt everyone to some extent. So, there are many reasons here , right? However, I believe things are going to get a lot better for Win in the coming years , right?

I think opening a property in the Middle East next year is a huge opportunity in the long term, right? Of course, Macau continues to have good results , right? There will be times in Macau when business will be very good, sometimes bad, and sometimes normal.

But at the end of the day, Macau is a great opportunity. They have some major properties in Macau , especially Wynn Palace, right ? We know that they are the best positioned in Vegas when it comes to VIP business and wealthy individuals.

So, it's in a great position. The Boston property, it's a really good quality property. They take very good care of it. I was there just a few months ago. That was an amazing experience.

So, everything is going well there. And ultimately, owning their own land is their great strength. They even have their own land right across from Wynn Encore, Las Vegas. That is a very valuable piece of real estate.

We'll see what they do with it in the long run. And besides, there are more international opportunities. They could pay off a lot of debt in the next few years , especially if that Middle Eastern property becomes really valuable and becomes a big opportunity like the Singapore opportunity.

So, the gist of today's story is, the stock has been through a lot , right ? And I think this is a big opportunity right now.

But some of the contrarian stocks I'm really looking at and I really will be likely adding over the next few months is something like a wind resorts. This is one I want to really build out to a big position.

This is one I don't even really I don't even have a position in the public account. A stock like wind should be in the public account in my opinion. And so that's a stock I'm looking at I really want to build into a very large position.

They got the Middle East property opening next year. Like it's the reason wind's down is interest rates have gone up, right? And companies like when they have to take out a lot of debt to build resorts.

So people don't want to hold a resort company, right? When interest rates are higher. Additionally, airline tickets are getting much more expensive. Um it's one of the biggest if you actually look at the CPI report, like airline tickets have gone insane because fuel costs have gone insane, right?

Listen, the type of person that's going to win resorts doesn't give a flipping flapjack if they have to pay $400, $600, $800 for a plane ticket, okay? Those individuals like they're going to, you know, drop tens of thousands, hundreds of thousands or millions of dollars on a weekend at the win.

So, it's completely irrelevant. So, it's just silly, right? And then wind's got arguably the best balance sheet of any resort company in the entire world, if not any travel company in the entire world.

So they're just not nearly as negatively impacted by a higher interest rate environment. They're actually one of the most well positioned. So when that's one I want to build out and a contrarian buy over the next few months.