MGM
MGM Resorts International (NYSE: MGM) confirms receiving an offer from People Incorporated to acquire all...
Article Summary
HOLD- MGM Resorts International (NYSE: MGM) confirms receiving an offer from People Incorporated to acquire all outstanding shares of MGM Resorts International that it does not already own for $48.30 per share in cash.
- MGM Resorts International's Board of Directors will carefully review and consider the proposal to determine the course of action that it believes is in the best interests of the company and all shareholders.
- MGM Resorts shareholders do not need to take any action at this time, and the company cannot provide assurances that such proposal or any subsequent proposal will result in an agreement or transaction being reached.
- The Company remains focused on advancing its position as the world's premier gaming entertainment company.
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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 ? | 11.3% above | 20% | 0.0 ptsAbove Target (11.3% above) - Target: $45.53 vs Current: $51.33 |
| Gross Margin % ? | 38.3% | 15% | 60.0 ptsSolid (38.3%) - Decent margins |
| Drawdown from 52-Wk High ? | 15.9% | 15% | 20.0 ptsBarely a Dip (15.9%) - 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.