Wynn Resorts Stock Underperforms Market in 2022 Despite Pandemic Recovery

The article mentions Wynn Resorts, Limited (NASDAQ:WYNN) stock. The author's advice is to remain on the sidelines and not buy the stock at the current time.

The author's core argument is that while there are positive aspects to Wynn Resorts, such as well-covered dividends and improving trends, the relative valuation of the stock is not attractive in comparison to other investment options. The author mentions the importance of the casino aspect of Wynn Resorts' business and how it has not fully recovered to pre-pandemic levels. The author also discusses the financial performance of the company, highlighting increases in revenue and net income compared to the previous year but lower levels compared to 2019.

The key information and data provided include the drop in Wynn Resorts' stock price over the past two months, the breakdown of revenue sources within the business, the recovery of casino revenue, the valuation ratios (price to sales and dividend yield) compared to historical levels, and the market's growth rate forecast for Wynn Resorts.