Wynn Resorts (WYNN) is doing the same.

Because having a ticker symbol as my last name would be so cool.

PE of 29.7, and a PEG of 1.59.

The Real Story Wrap: August 12:
A spate of negative headlines in the financial space, as well as several downgrades, send U.S. stocks downward. Oil closes at $113 a barrel.

Click here to watch the video.

Vegas is my favorite place. Might as well try to earn some money from the same place I give it away to.

Las Vegas' operator of luxury hotels said it will add $500 million to its previously announced $1.2 billion buyback plan. The repurchases will be made from time to time pending on market conditions.

News of the buyback sent shares soaring 15% in extended trading.

Wynn pre-announced second-quarter earnings last Thursday and Wynn Macau stole the show. Macau, a special region of China and the world’s foremost gambling destination, has experienced strong growth in recent years and Wynn stands to benefit even further. In Macau, Wynn expects EBITDA in a range of $152-158 million, which represents growth of 64% to 70% year over year. VIP table games grew over 75% to $16.3 billion and mass market table games increased 25% to $627 million.

After Wynn’s pre-announced earnings, Jefferies & Company issued a positive note. The analysts said, “We are maintaining our buy rating and $138.00 price target on WYNN shares. WYNN is down 38% since year-end, and we believe the sell-off is unwarranted. As shown by 2Q08 results, Wynn's fundamentals remain intact and its future is encouraging.”

We also take notice when the people running the company buy shares for their own accounts. Director John A. Moran bought 20,000 shares of Wynn stock at prices between $84.52 and $85.07, worth nearly $1.7 million.

Las Vegas' operator of luxury hotels said it will add $500 million to its previously announced $1.2 billion buyback plan. The repurchases will be made from time to time pending on market conditions.

News of the buyback sent shares soaring 15% in extended trading.

Wynn pre-announced second-quarter earnings last Thursday and Wynn Macau stole the show. Macau, a special region of China and the world’s foremost gambling destination, has experienced strong growth in recent years and Wynn stands to benefit even further. In Macau, Wynn expects EBITDA in a range of $152-158 million, which represents growth of 64% to 70% year over year. VIP table games grew over 75% to $16.3 billion and mass market table games increased 25% to $627 million.

After Wynn’s pre-announced earnings, Jefferies & Company issued a positive note. The analysts said, “We are maintaining our buy rating and $138.00 price target on WYNN shares. WYNN is down 38% since year-end, and we believe the sell-off is unwarranted. As shown by 2Q08 results, Wynn's fundamentals remain intact and its future is encouraging.”

We also take notice when the people running the company buy shares for their own accounts. Director John A. Moran bought 20,000 shares of Wynn stock at prices between $84.52 and $85.07, worth nearly $1.7 million.

4.5

Macau Says No Dice to More Casinos
Macau officials are saying no to new game licenses and casinos, but reporter Nick Yulico says several casino companies that will benefit from this.

Click here to watch the video.

Wynn's (WYNN) running. The momentum guys never quit, doesn't matter, that's just what momentum guys want.

highly leveraged

people are not gambling

dog

Slowing economy.

BAD MANAGEMENT

overvalued