The leisure industry closed the day down 2.2%. PokerTek Inc ( PTEK), Krispy Kreme Doughnut Inc ( KKD), Bravo Brio Restaurant Group Inc ( BBRG), and China Lodging Group ( HTHT) were all decliners today within the leisure industry with MGM Resorts International ( MGM) being today's featured leisure loser. MGM Resorts International fell 21 cents (-2%) to $10.01 on light volume. Throughout the day, 12.7 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 26.5 million shares. MGM Resorts International, through its subsidiaries, primarily owns and operates casino resorts in the United States. The company's resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. MGM Resorts International has a market cap of $5 billion and is part of the services sector. The company has a P/E ratio of two, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 31.2% year to date as of the close of trading on Friday. TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself.
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