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MGM Resorts is generating cash and buying back stock, so why is the market worried?
MGM Resorts (MGM -0.34%) reported solid numbers in the second quarter, but the stock dropped like a rock after earnings. What is the market seeing and why is this a buying opportunity? That's exactly what Travis Hoium covers in this video.
*Stock prices used were end-of-day prices of Aug. 1, 2024. The video was published on Aug. 2, 2024.
Travis Hoium has positions in MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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