MGM: Buy On The Dip Despite Lingering Negative Sentiment
MGM Resorts International(MGM) Seeking Alpha·2024-08-09 22:50
diegograndi Above: MGM (NYSE:MGM) is an industry giant selling at an everyman's price. Mr. Market's negativity on MGM is rooted in, among other things, the debt load ($31b), but the current ratio sits at a reasonable 1.57. The company's global vision is hard to understand, for many investors don't care about what will be, but what is. Yet the company's US business has major footprints on the Vegas strip (13 properties total 31), the metro northeast and is a strong contender in the bidding on metro New York ...