A 2-3 year play. I attack it this way:
I really can't assess the value of WYNN. It's so expensive based on standard value metrics. We presume gambling will be big in the Asian settings. Whether governments will confiscate profits with onerous taxes, hurtful regulations, outright confiscations through license expirations, we do not know.
With ARUZE, being in Japan, it has its own problems --- difficult for the typical American investor to understand or assess.
IF, that's IF, things do work out okay ARUZE (& WYNN), we will know this over the next year or two. I'm betting we will know it slowly as we get more info. and more of an understanding of what's going on. This I am betting, will cause the stock price to move pari passu. (aside: Yippee! I got to use that Latin thingy!) In other words, there should be plenty of opportunity to profitably add to positions, if ARUZE begins to do well from here. |
