RRR - RRR: An Update As The Shares Rise To New Highs
2024-02-13 13:09:23 ET
Summary
- Red Rock Resorts, Inc. shares have rallied and remain in a significant bullish trend, reaching a new high after strong earnings.
- Las Vegas is attracting more visitors and residents, leading to increased demand for local resorts and casinos.
- Red Rock Resorts is well positioned to grow with the city and offers long-term value for investors.
On November 9, 2023, in a Seeking Alpha article on Red Rock Resorts, Inc. (RRR), I wrote:
RRR: An Update As The Shares Rise To New HighsRRR's slogan is "We love locals," the latest earnings show the growing local population is returning the affection. RRR is a unique casino resort company that caters to an expanding addressable market, deserving a higher growth potential score. The $4.4 billion company has lots of upside after delivering four straight better-than-expected results. The November 1 spike lower may turn out to be a golden buying opportunity and a significant bottom.