In early 2014, luxury casino company Wynn Resorts (WYNN) traded up near $250/share, but by early 2016 the stock had fallen more than 75% to trade as low as $57.74. When the stock dipped into the $60s, founder and CEO Steve Wynn began buying up a massive amount of shares. Between December 2015 and January 2016, Wynn purchased roughly $95 million worth of his company’s shares for an average price of $60.70. In less than a year and a half, Wynn has turned that $95 million purchase into $212 million as shares have jumped 120% to $134.
In early 2016, Bespoke also thought WYNN shares looked attractive. On January 4th, 2016, we added the name to our Bespoke Model Portfolio at $67.03. That trade is up over 100% as of today.
The Bespoke Model Portfolio is included with all three of our research packages for investors, and it’s a portfolio of our best growth stock ideas. Since inception in May 2007, the portfolio is up 116% versus a gain of 59.5% for the S&P 500. (As always, past performance is not a guarantee of future results.) Below is a snapshot of the portfolio as it’s presented to our members, but only the WYNN position is shown. We’ve redacted the remaining holdings — you have to be a member to see them! Start a 14-day free trial to Bespoke Premium to become a member and see the Bespoke Model Portfolio now. You’ll also get a 20% lifetime discount when you sign up today.