Taking A Gamble On Wynn Resorts
Wynn Resorts(WYNN) Seeking Alpha·2024-09-06 16:16
Duncan Nicholls and Simon Webb It's been about 10 months since I suggested to people that it would be a good idea to avoid Wynn Resorts, Limited (NASDAQ:WYNN), and in that time, the shares have lost about 15% against a gain of about 27.4% for the S&P 500. The argument I made at the time was that 10 Year Treasury Notes were more compelling than the stock, so I should also point out that the yield on the 10-Year Note has fallen about 90 basis points from then to now, and is now sitting at about 3.733%. This t ...