Source: Andy Borysowski / Shutterstock.com
Las Vegas Sands operates resorts in Asia and the United States with gaming and entertainment amenities. The pandemic distorted its financial performance significantly in 2020.
Revenue, operating income and profitability declined and the company witnessed losses. From a valuation perspective, the stock seems expensive now, but this is due to the abnormal economy.
Grading 10 of 2020’s Hottest SPACs in Preparation for the New Year
I am optimistic that in 2021 LVS stock – down almost 15% in 2020 – could rebound and perform well. Why? If we consider the year 2020 as an outlier to the stock’s performance, its trend in other years was consistent. This applies to profitability, revenue growth, and even to the dividend yield. All were notable. And this consistent financial performance may well return as the odds are rather high.
On the date of publication, Stavros Georgiadis, CFA, did not have (either directly or indirectly) any positions in the securities mentioned in this article.
More From InvestorPlace
Why Everyone Is Investing in 5G All WRONG
Top Stock Picker Reveals His Next 1,000% Winner
Radical New Battery Could Dismantle Oil Markets
The post 4 Gambling Stocks Set for a Bull Run in 2021 appeared first on InvestorPlace.
Market Data 
Markets 
AI
