Las Vegas Sands Corp.
LVS
pitch
short
Alexander S. J. Levy, CFA
Thesis
Las Vegas Sands is facing significant headwinds due to a slowing Chinese economy, a corruption crackdown affecting spending, and oversupply in the gaming industry. The consensus is overly optimistic about recovery, creating an attractive short opportunity with a target price of $30, representing a ~35% downside from current levels.
Did it work?
failed
confidence: high
The thesis predicted a significant decline in Las Vegas Sands' stock price due to various headwinds, targeting a price of $30 for a ~35% downside. However, the stock has only increased by 3.4% over 131 months, indicating that the anticipated negative catalysts did not materialize as expected, and the consensus remained optimistic about the company's recovery.
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