Always good for a quote, Steve Wynn, whose Wynn Resorts owns casinos in the US and Macau, didn’t disappoint on his company’s latest earnings call. Responding to a question, he noted: ‘I tend to be a longer-range looker at these things than quarter-to-quarter’.
We couldn’t have said it better ourselves. Long-range thinking – ignoring the next quarter (or year) and instead looking three to five years ahead at a minimum – underlies all of our Buy recommendations.
Macau may be bottoming