Jim Cramer Says Wynn Stock is "Very Inexpensive on a PE Basis"

Wynn Resorts, Limited (NASDAQ:WYNN) is one of the stocks on Jim Cramer’s radar. During the episode, when a caller inquired about the stock, Cramer responded:

“Oh, I think WYNN, you know, we were, we were at Wynn earlier this year, and I was very worried about China. I still am, but my, they’ve got a good thing going. Craig Billings is such a good manager. He’s actually terrific, and I’m glad to see that stock is finally starting to move. It’s still very inexpensive on a PE basis.”

Wynn Resorts (NASDAQ:WYNN) develops and operates luxury integrated resorts featuring casinos, hotels, dining, retail, entertainment, and convention spaces. In a March episode of Squawk on the Street, Cramer praised the company’s CEO as he said:

“Notice, look at this, WYNN is up 3.7. Look I gotta tell you, you want impressive, go to this guy. . .Craig Billings. . .I think he’s one of the most impressive CEOs. He’s from Goldman, he’s a genius.”

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Disclosure: None. This article is originally published at Insider Monkey.