Should You Wait to Buy MGM Until a Coronavirus Vaccine Is Out?

Lawrence Rothman, CFA, The Motley Fool
·3 min read
Should You Wait to Buy MGM Until a Coronavirus Vaccine Is Out?
Should You Wait to Buy MGM Until a Coronavirus Vaccine Is Out?

To state the obvious, the pandemic had a huge effect on MGM Resorts International's (NYSE: MGM) operations and results. While it had to close its doors for a time, once they've reopened, casinos haven't seen patrons return to the extent that MGM and other industry participants would like. While everyone would like a return to normalcy, it doesn't seem like that is in the cards until authorities approve a vaccine and it is widely distributed.