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Wynn Resorts: Casino sector headwinds to persist |
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| Apr 23, 2009 11:20 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Sell  Now would a good time to Short shares of Wynn Resorts (NYSE: WYNN). A perfect storm of unfavorable factors -- visa restrictions, the global recession, increased competition, and a crack-down on needless corporate and related business travel, do not bode well for WYNN. Other negatives: Las Vegas is in a pronounced recession, the typical American is scaling-back domestic travel, and more retirees are feeling an income squeeze as companies cut or eliminate dividends. The First Call FY 2009/FY 2010 EPS estimates for WYNN are 27 cents to 63 cents. Continue reading Wynn Resorts: Casino sector headwinds to persist Wynn Resorts: Casino sector headwinds to persist originally appeared on BloggingStocks on Thu, 23 Apr 2009 18:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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