Trade MGM with Fondex

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Trading Conditions
Daily Average Spread: 0
Leverage: 1:20
Lot Size: 1 share
Min Lot Size: 45
Commission: 0.01 USD per Lot
Min Commission: 1 USD

Thinking of trading MGM?

    1. MGM continues to churn out cash in Las Vegas, Macau revenues are rising, and a potential growth driver is on the horizon in Japan. This may not be a huge growth stock, but given the company's strength in attractive gaming markets, it is a solid long-term investment. 2. Due to the company's weak balance sheet and extensive spending on new properties, MGM did not offer a cash dividend in recent years; however, this changed in early 2017 and management's willingness to pay a dividend shows confidence that business is going better.
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Trade MGM with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.

1. Ironically, for a gaming company, MGM's balance sheet is quite a gamble. The company has more than $13 billion in debt, against less than $2 billion in cash. It has maintained this high debt level over the years, rather than taking advantage of an improved economy to shore up its fiscal position.With a heavy debt load and a willingness to take on more, MGM Resorts may just be too much of a risky bet for investors. 2. MGM is not the most attractive on a valuation basis. The stock is trading at 36x trailing earnings, and 25x forward earnings. That is in no way cheap for a cyclical business with a massive debt load.

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