Is Las Vegas Sands Stock a Buy?
2020 has been the most tumultuous year that Las Vegas Sands (NYSE: LVS) has seen, and one of the most volatile years in the history of the entire sector. The company's operations in Macao were shut down as early as February, and Las Vegas followed in March.
It's not a surprise that Las Vegas Sands' stock is down, but shares have only fallen 17.8%, helped by a market that's hoping for a quick recovery from the pandemic. Is it time to jump back into this gambling stock? Let's look at where Las Vegas Sands sits today.
Before we get to the impact of COVID-19 on Las Vegas Sands in 2020, let's cover what the company's operations looked like at the end of 2019. Revenue for the year was $13.7 million, EBITDA was $5.4 billion, and the company had paid $3.08 per share in dividends. EBITDA is particularly important, because it's the best measure of business success for resorts and casinos that have high upfront costs and then generate cash flow for decades.
Source Fool.com
