Sitting on a Pile of Cash? Las Vegas Sands is a Buy in Here


Las Vegas Sands Casinos are starting to open up, this is a great long-term play for growth investors.

Las Vegas Sands Corp. (NYSE:LVS) develops, owns and operates integrated resorts in Asia and the United States.

The company owns and operates the Venetian Macao Resort Hotel, the Sands Cotai Central, the Parisian Macao, the Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China, as well as Marina Bay Sands in Singapore.

LVS also owns and operates the Venetian Resort Hotel Casino on the Las Vegas Strip and the Sands Expo and Convention Center in Las Vegas. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities.

The company has eliminated its dividend and said in a statement last Wednesday it has ended its plans to open an integrated resort casino in Japan.

The analysts noted this after earnings were reported last month: Las Vegas Sands reported Q-1 adjusted property EBITDA of $437-M, well ahead of the Street but still down 69% Y-Y.

Management gave estimated “Zero revenue” cash burn figures that are much better than prior assumptions.

The company’s balance sheet and favorable Asia-centric exposures set them up to be one of the most attractive opportunities in Gaming.

The 61 BofA Securities price target compares with a 62.13 consensus target and closed Friday at 44.76/share. Las Vegas Sands stock rose almost 3% Thursday.

My call is a return to 75ish on the full opening up in the US and Nevada.

Support is at 40.69 and the Key Resistance is at 45.37, a clear break over 48.51 augurs a move back to the January highs.

Have a healthy weekend, Keep the Faith!

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