Las Vegas Sands Looks Undervalued Despite Near-Term Macau Headwinds
Since July 26, shares of Las Vegas Sands (NYSE: LVS) have tanked 20%, as 70% of Las Vegas Sands’ casino revenues for 2018 were from Macau. However, near-term issues do not take away from the company’s long term value. We estimate Las Vegas Sands’ valuation to be $70 per share.
Source: Forbes – Markets
Date: September 20, 2019, 18:58