The Dizzying Ride That Is Wynn Resorts Stock Is Not Slowing Down

Nov 08 16:11 2018 Print This Article

Since I first wrote about gaming and hospitality company Wynn Resorts (WYNN) three and a half years ago the stock performance has been nothing short of an intense roller coaster. For a large cap company with a relatively simple business, you are unlikely to see more volatility in the equity markets. Such wide gyrations are great for investors, especially those willing to be contrarian and buy when things look the bleakest, but the exercise can admittedly become tiring while also predictable.

Fast forward from May 2015 to today and I am still a rider on this roller coaster. Although I bought stock at low prices and sold much of it at high prices, I failed to sell everything near the top and we are now stuck in a down cycle for the shares, despite the fact that the company is doing just fine.

Below is a five-year chart of Wynn Resorts shares that shows just how dizzying the ride has been:

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About Article Author

Peridot Capital Management

Peridot Capital Management LLC is a Seattle-based independent registered investment advisor (RIA), specializing in highly customized investment management services for individuals and families. Their strategy is based on historical stock market data dating back to the 1800’s which shows a strong inverse correlation between stock valuations and future share price performance.

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