Wynn Resorts: A Decade of Disappointment
Wynn Resorts Ltd has been a dismal investment for the past five years, with investors who took a chance on the company in 2020 now nursing a meager 15.22% return on their initial $1,000 investment. That’s right, folks - if you invested $1,000 in Wynn Resorts at its 2020 price of $101.61, you’d now be holding 9,842 shares worth a paltry $847.75.
But don’t just take our word for it. The numbers don’t lie:
- Initial investment: $1,000
- Current value: $847.75
- Return on investment: 15.22%
It’s a staggering decline, and one that raises serious questions about the company’s ability to deliver long-term value for its investors.
Despite this lackluster performance, Wynn Resorts has been busy expanding its presence in Europe and the Middle East. Its recent acquisition of Wynn Mayfair, a swanky London casino location, is seen as a strategic move to enhance the company’s footprint in the region ahead of its upcoming resort opening in the UAE.
But is this expansion enough to turn the company’s fortunes around? We’re not so sure. The stock has shown a slight increase in recent days, up 2.4% since its last earnings report, but the overall market capitalization of Wynn Resorts remains at a steady $9.05 billion USD.
So what does this mean for investors? It means that Wynn Resorts is still a stable financial entity, but one that’s struggling to deliver growth and returns for its shareholders. It’s a company that needs to do more than just tread water if it wants to stay ahead of the competition.
In short, Wynn Resorts is a company that’s been stuck in neutral for far too long. It’s time for the company to shift gears and deliver some real value for its investors. Until then, we’ll be keeping a close eye on this one.