Should You Wait to Buy MGM Until a Coronavirus Vaccine Is Out?
To state the obvious, the pandemic had a huge effect on MGM Resorts International's (NYSE: MGM) operations and results. While it had to close its doors for a time, once they've reopened, casinos haven't seen patrons return to the extent that MGM and other industry participants would like.
With COVID-19 cases surging in the U.S. and elsewhere, this is a perilous time for casino operators like MGM. While everyone would like a return to normalcy, it doesn't seem like that is in the cards until authorities approve a vaccine and it is widely distributed.
With that being said, is this an opportune time for you to jump in while the stock price is down? Alternatively, is it better for you to wait until a vaccine is on the market and governments lift travel restrictions before jumping into MGM's shares?
Source Fool.com
