Earnings Miss Aside, Wynn Resorts, Limited (WYNN) Looks Like a Long-Term Winner

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At just under 18.7 times forward earnings, Wynn is not cheap by any means, but its growth is likely to sustain for the foreseeable future, warranting the upfront premium. Investors could look at Las Vegas Sands Corp. (NYSE:LVS), trading at under 17 times forward earnings, or perhaps MGM Resorts International (NYSE:MGM), but my bet is with Wynn, the man. Steve Wynn has been a leading force in the gambling industry for decades, and will continue to remain in that position for some time. He ushered in the concept of the Vegas megaresort and is a large reason the Strip looks the way it does today. Going forward, he will without doubt continue his innovation, and probably take shareholders with him for the ride.

The article Earnings Miss Aside, Wynn Looks Like a Long-Term Winner originally appeared on Fool.com is written by Michael Lewis.

Fool contributor Michael Lewis and The Motley Fool have no position in any of the stocks mentioned.

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