2024-07-17 12:12:10 ET
Summary
- Melco Resorts & Entertainment Limited shares have declined 11% while the market has gone up 9% since initial coverage.
- Since the initial write-up, the company appears to be making good (but slow) progress.
- The macro situation is improving for travel and demand for resorts and gaming has led to Melco Resorts' improving financial position, paying down debt steadily.
- Recent results show growth in Macau, but I have concerns remain about high capex costs, high interest expenses, and leverage ratios.
Introduction
Read the full article on Seeking Alpha
For further details see:
Melco Resorts: Not Willing To Roll The Dice With The Debt Stack