MGM 市盈率低，有6%的股息和回购，但收购尝试失败，近期消息负面，数字业务在激烈竞争中仍未盈利，华尔街的预期指向未来停滞；可能存在价值，但拉斯维加斯需要复苏。
逐段跳播
MGM 需要拉斯维加斯复苏。该股在过去四十年里表现不错。不过，目前市盈率很低，但近期消息并不积极。此外，其他方的收购尝试失败了。也许是因为利率高企，他们无法获得必要的融资。这意味着没有收购，尽管当前情况和可能存在的价值，也没有一个有利可图的退出途径。
MGM needs a revival in Las Vegas. The stock has performed well over the past forty years. However, the price-to-earnings ratio is now low, but recent news is not positive. In addition, the acquisition attempt by other parties failed.
Perhaps due to high interest rates, they were unable to secure the necessary financing. This means no acquisition, and no profitable exit despite the current situation and possibly the available value.
既然收购的想法被排除了，剩下的就是公司在拉斯维加斯、美国属地、澳门和数字产品方面的业务，以及向日本的扩张。从数字来看，它们显得稳定，没有什么令人意外的地方。数字业务板块增长迅速，但仍未盈利。
他们可能很快就会实现转型，但我们还得拭目以待。我们最近做了一次更深入的分析，这个领域竞争非常激烈。如果你点击下方描述中的 Interactive Brokers 链接，你会发现他们甚至在市场上提供博彩、价格投注之类的服务。
因此，竞争非常激烈。我刚收到 Kalshi 的一封邮件，请我代表他们。事情太多了，要让这个板块盈利会很困难。
With the acquisition idea ruled out, what remains is the company's business in Las Vegas, the US territories, Macau, and digital products, along with expansion into Japan. Looking at the numbers, they appear stable, and there is nothing surprising about them.
The digital sector is growing rapidly, but it is still unprofitable. They may achieve a transformation soon, but we have to wait and see. We recently conducted a more in-depth analysis and there is a lot of competition in this field.
If you click on the link in the description below for Interactive Brokers, you will find that they even offer betting, price betting, and all of that in the markets. Therefore, there is very intense competition.
I just received an email from Kalshi asking me to represent them. There is so much going on that it will be difficult to make this sector profitable.
下面这个很有意思。他们在回购股票。一切看起来都不错。利润已经企稳，但仍然存在。中国业务表现不太好，但情况还可以接受。股息率为6%。不过，预测指向未来会出现衰退。当华尔街说某样东西未来几年将停滞不前时，他们往往是对的。
The following is interesting. They are buying back shares. Everything looks good. Profits have stabilized, but they are still there. China is not doing very well, but its situation is acceptable.
Dividend payout of 6%. However, estimates point to a recession in the future. When Wall Street says something is going to stagnate for the next few years, they are often right.