Press Release Summary: SADIF-Investment Analytics SA has applied its StockMarks™ stock-rating system to Wynn Resorts and produced a research report, rating the company's attractiveness to long-term investors.
Press Release Body: Mira, Portugal EUR" October 17, 2008 EUR" SADIF Investment Analytics SA, today announced the release of a new equity research report covering Wynn Resorts (WYNN). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Wynn Resorts investor.
Report Summary: US Casino operator Wynn Resorts released preliminary third quarter earnings on 13th October in attempt to provide timely information to investors. However, the news was unlikely to be welcomed by investors. The company stated that earnings from its Las Vegas casino may be to be wiped out, in the range of a loss of USD 2M to a gain of USD 2M, down from earnings of USD35.8M in the third quarter of 2007. Wynn's Macau casino is expected to see a boost in earnings, rising from USD 39.2M in Q3 2007 to USD 57M-63M, failing to offset the company's poor Las Vegas performance. However, Wynn has advantages over rivals such as MGM Mirage and Las Vegas Sands. The company secured a deal with its bankers in September that allowed Wynn to maintain a higher debt-to-cash flow ratio without having to pay higher interest rates. Las Vegas Sands CEO Sheldon Adelson injected USD 475 of his own cash into his company in order shore-up its balance sheet and avoid paying higher interest rates. While MGM Mirage secured a 1.8B loan at LIBOR plus 3.75%. Wynn expects revenue per available room for the quarter at its Las Vegas casino to be down 4%. This compares to the 16.4% drop in state-wide fees collected from taxable revenues reported by the Nevada Gaming Commission for the months of July and August. While Wynn has been hit by the weakening economy, the company appears to be weathering the crisis better than other casinos. In order to assess whether the company is therefore an attractive investment, we can examine its underlying long-term fundamentals through the use of the StockMarks framework. Wynn currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 96, rating far above the US market average. This rating places the company first when compared to ten of its closest peers, selected on the basis of similarity of business and market positioning factors such as size.
The complete report breaks down the Total StockMark into its three components EUR" Business, Management and Price, performing a thorough analysis of Wynn Resorts for long-term investors.
A summary of the StockMarks™ ratings for Wynn Resorts is available here: http://sadifanalytics.com/stockmarks/company.php?ticker=WYNN&cod_country=125
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites or directly from SADIF-Investment Analytics SA at http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_article=159&cod_country=125
About SADIF-Investment Analytics SA SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. Our StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
Web Site: http://www.sadifanalytics.com
Contact Details: Company: SADIF-Investment Analytics SA Address: AIBAP, Rua do Matadouro, 3070-436 Mira, Portugal Phone Number: (+351) 231849038 Website: www.sadifanalytics.com
2022
