Is Wynn Resorts a Buy?
The casino industry is another casualty of the coronavirus pandemic, having been forced to shut down to help prevent the spread of the virus. Yet now that gaming houses have reopened, albeit with social distancing protocols in place, casino operators are betting they can begin the rebuilding process.
Although Wynn Resorts' (NASDAQ: WYNN) stock has more than doubled in value from the low point it hit in March, it remains more than 45% below where it traded before the crisis struck.
Doubts about a quick comeback for casinos are valid, but times of turmoil are often opportunities to capitalize on the walls of worry. Still, investors have a lot to consider before making a big bet on Wynn, so let's take a closer look at what the casino operator is facing.
Source Fool.com
