Could MGM Resorts Be a Millionaire-Maker Stock?
If you're willing to take a gamble, I like the odds on MGM Resorts (NYSE: MGM) making a full recovery from its recent collapse. The global casino industry was hit hard by the coronavirus pandemic as resorts were one of the first businesses ordered closed by officials to control the spread of COVID-19.
Although MGM's stock has nearly quadrupled in value from the low point it hit in March, it remains more than 30% below where it traded before the crisis struck. There are some good reasons to believe the pessimism that still exists around the industry is valid, but such periods of uncertainty are also prime opportunities to capitalize on doubt.
But before making a big bet on the casino's comeback, let's look at a few of the biggest issues an investor needs to consider.
Source Fool.com
