Wynn Resorts Stock Can Double in a Year: Fund Manager

Text size

A general view of the Wynn Casino in Macau


Chris McGrath/Getty Images

This article first appeared on SumZero, the world’s largest research community of buyside investment professionals. In some cases, Barron’s edits the research for brevity; professional investors can access the full version of this thesis and tens of thousands of others at SumZero.com.

Disclaimer: The author of this idea and the author’s fund had a position in this security at the time of posting and may trade in and out of this position without informing the SumZero community.

Target price: $150.00

Recent price: $75.12

Timeframe: 6 months-1 year

Thesis

Travel and leisure stocks have remained at very depressed levels with most down more than 50% year to date. This is understandable given

Read More

American booking full flights next week; Big Lots still busy

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus.

________________________

RETAIL ROUNDUP:

— Big Lots is seeing the continuation of strong demand that started in mid-April, with second quarter-to-date comparable sales through fiscal June increasing well ahead of expectations.

The discount retailer now anticipates second-quarter comparable sales will be up by a mid-to-high twenties percentage. Big Lots said Friday that it is in a very strong liquidity position, with current cash and short-term investments of approximately $890 million, and no amounts drawn on its $700 million revolving credit facility.

— Shopping mall owner Intu Properties is scrambling to avoid bankruptcy after failing to strike a deal with its creditors. The London-based company is being hammered by lower rent payments from retail clients during

Read More

American Airlines To Chop 19,000 Jobs Amid Travel Slump

AAL) notified employees in a memo Tuesday that it plans to eliminate 19,000 jobs on Oct. 1, unless Congress renews the emergency coronavirus assistance that helped airlines retain staff for the past six months.” data-reactid=”19″American Airlines Group, Inc. (NASDAQ: AAL) notified employees in a memo Tuesday that it plans to eliminate 19,000 jobs on Oct. 1, unless Congress renews the emergency coronavirus assistance that helped airlines retain staff for the past six months.

DAL) indicated involuntary separations are coming for 1,941 pilots, according to Reuters.” data-reactid=”20″The news comes a day after Delta Air Lines, Inc. (NYSE: DAL) indicated involuntary separations are coming for 1,941 pilots, according to Reuters.

Airlines, struggling to survive, are transforming into much smaller organizations with passenger travel not expected to fully bounce back until 2024 and lucrative international

Read More

Royal Caribbean to look for volunteers to help test the new normal for cruises as the CDC’s ‘No Sail’ order is lifted

royal caribbean ship
The Royal Caribbean Freedom of the Seas docked in Miami in 2008. Lynne Sladky/AP
  • The US Center for for Disease Control and Prevention lifted its no-sail order on November 1, and Royal Caribbean will be looking for volunteers to embark on trial cruises.

  • These cruises are a way to test safety guidelines the CDC has put in place to allow ships to set sail again. 

  • Most cruise ships have been at dock since March, when the coronavirus pandemic halted all travel.

  • Visit Business Insider’s homepage for more stories.

Royal Caribbean is going to be looking for volunteers to experience the new style of cruising necessitated by pandemic-era restrictions, according to Travel + Leisure.

The US Center for Disease Control and Prevention officially lifted its no-sail order on November 1 after halting all cruises in March. But cruise ships won’t be able to return to normal, as the no-sail

Read More