$MGM Resorts International: Viewer Request- Financials & Charting Analysis
Channel: Reliable Rudy
Date: 2022-10-28

In the video "$MGM Resorts International: Viewer Request- Financials & Charting Analysis", I give my unbiased opinion on the financials and chart of MGM stock. MGM is in a scenario where the companies 5 year numbers are screwed by 2 down years for 2020 & 2021, and this is the case for multiple casino stocks so it's difficult to make projections for the company moving forward. Moving forward from those years, the company is in a position where they have an increase on long term debt, and they've been focusing on buying back shares and making acquisitions, instead of focusing there free cash flow to paying off debt. In my opinion, this leaves MGM in a touchy situation because the short term price of the stock could either greatly benefit or destroy the company in the short term. Focusing on the technical analysis on the chart, MGM is currently in a wedge that is gonna have to pick a direction of either positive or negative price action, and ultimately determines where the long term stock price is setting up to go. In the end, MGM has solid growth and is looking to continue that growth moving forward. Looking at MGM as an individual holding, I would want to see a couple more earnings reports to get a better feel for the direction this company is moving towards. I hope you enjoy the content in this video, and we'll see you on the next one!


DISCLAIMER: DO NOT MAKE INVESTMENTS WITHOUT DOING YOUR DUE DILIGENCE FIRST! THIS VIDEO IS INTENDED FOR ENTERTAINMENT & INFORMATIONAL PURPOSES ONLY! WE ARE NOT LIABLE FOR ANY LOSSES OCCURRED WHILE INVESTING. ALWAYS SEEK FINANCIAL ADVICE FROM A LICENSED PROFESSIONAL BEFORE INVESTING.


Work Cited
Everythingmoney.com
tradingview.com
macrotrends.net


#MGMstock #stockmarket #charting