Wynn Resorts (WYNN) Stock Seems About Right After Its Sharp Fall

Wynn Resorts shares have retreated to around US$81, and a long slide over the past year now puts the focus squarely on what investors are paying for its earnings. With the stock under pressure and the business still investing heavily in large projects, the key issue is whether the current valuation matches the profit engine underneath. Over the past 12 months the Wynn Resorts share price has fallen 36.5%, which puts recent earnings power and the price investors are willing to pay for it...