NYSE
MGM
9 stories
$7.7B Market cap · 2026-10-07
$MGM trading below its beta-adjusted break price while potentially having the opportunity to retire 27% of its shares through a discounted block acquisition. Add in the largely unrecognized value of the Osaka, Japan asset and the risk/reward looks increasingly asymmetric… 🤷♂️ https://t.co/e6EPH8cfGb
@srg444 Me looking at $MGM trading at $32 when Osaka asset is worth 💰 https://t.co/jvVZZ37LP0
"an unusual turn of events that comes just after People withdrew its own bid to buy the casino and resort company" MGM Resorts Eyeing Bid for Barry Diller’s People Incorporated $MGM https://t.co/FjkNJ0r1PJ
$PPLI withdraws bid for $MGM Shares of MGM down 11% today (essentially back to where they were before PPLI buyout proposal) Stock trades at less than 10x FCF and PPLI still owns ~27% https://t.co/I9RiOvWkri
Barry Diller Withdraws Bid for MGM Resorts $MGM https://t.co/2iXlXJ49gY
The $MGM bid was fugazzi. Now we buy? https://t.co/Zi2T462m8v
What’s the bear thesis on $MGM here? All of the $PPLI Barry deal premium has evaporated. Even if his bid was fugazzi, it highlighted a valuation disconnect especially as it related to Asian assets… What am I missing?
If a regional "racino" is worth 9.4x, what is Bellagio and MGM Macao worth? $MGM
Interesting to see the recent price action in $MGM, is the market finally waking up to the massive valuation gap? Trading at ~6.0x EV/EBITDAR (using standard rent multiples) Private Reality: The Northfield Park exit closed at a ~9.4x implied EBITDAR multiple Sector Anchor: Current buyout offers for $CZR setting a peer floor at ~9.5x. Management is effectively shorting this spread, divesting regional assets at 9x+ and buying back it's own shares, outstanding shares down 50% over last 5 years. #ubercannibal
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