Small D(D): MGM Growth Properties
I like the stock. Here’s why:
1) COVID is basically a thing of the past for locations where MGM Casinos & Resorts are located. This business sector is going to make a fortune when bars, clubs, restaurants, gambling, etc. resumes at full capacity with everyone itching for some entertainment in their lives.
2) This company owns the real estate that is leased by MGM Resorts International. Real estate is 🔥🔥🔥 right now.
3) The company is structured so that it will always get paid rent by MGM Resorts. Lease payments were never an issue during COVID because of online gambling degenerates keeping a steady cash flow, and now with business fully reopened MGM is gonna print and the landlord always gets paid – they get paid cash money.
4) Pays a dividend. Ask a boomer about this, I’m not an expert.
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June 8, 2021 at 11:46AM