MGM
MGM Resorts International (NYSE: MGM) is being offered for sale by Barry Diller's People Inc.
Article Summary
BUY- MGM Resorts International (NYSE: MGM) is being offered for sale by Barry Diller's People Inc., which acquired a 26.1% stake valued at more than $18 billion, with MGM Resorts International offering $48.30 per share in cash, a 10.6% premium to Friday's closing price.
- The company, formerly known as IAC, began investing in MGM Resorts about six years ago and expects to complete the transaction with cash on hand, as well as additional debt and equity funding commitments, valuing the company at $2.9 billion.
- Diller's company believes MGM represents a rare kind of business with real-world assets that AI cannot easily replicate or disintermediate, and that conviction has only strengthened over time, adding that artificial intelligence isn't likely to replace the kind of experiences the properties offer.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 3.4% | 25% | 20.0 ptsMinimal (3.4%) - Very weak |
| EPS Growth Next 5Y ? | -6.1% | 25% | 0.0 ptsNegative (-6.1%) - Declining expectations |
| Target Price Upside ? | 9.5% | 20% | 10.0 ptsNear/At Target (9.5%) - Target: $45.53 vs Current: $50.31 |
| Gross Margin % ? | 38.3% | 15% | 60.0 ptsSolid (38.3%) - Decent margins |
| Drawdown from 52-Wk High ? | 13.6% | 15% | 20.0 ptsBarely a Dip (13.6%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About MGM
- MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.
- It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital.
- The company operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms.
- Its casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM.
- The company's customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings.
- The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010.
- MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.