Any guesses as to why BYD is selling so cheap?
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XVP - Boyd Gaming (BYD) around $18, was $50+ a few years ago
Partly due to the fact that casinos in generally are expecting fewer
visitors and lower revenues this spring and summer due to the economic
downturn. Haven't looked a BYD specifically, but I was looking at
buying something else and decided not to due to the depressed outlook.
Most of the casino stocks are down across the board. Here is just one
of the many articles regarding the recession and how it is affecting
casinos:
http://biz.yahoo.com/wallstreet/080417/sb120839324112621477_id.html?.v=
1
That being said, much of that info has now been priced in, so might be
a good buy if you think that things will turn around soon.
-Shark
Let's see, you explode a mid-range Hotel/Casino on the strip with lots
of history, then you trade off your only other strip offering for a
Mega-Dog Stand location...
They nothing to produce income on the strip and it will cost Billions
to build something on the land BYD owns.
Money for construction is tighter than Harrah's Video Poker paytables.
Some tourists will go downtown, but few will visit the other locations.
I see them relying on locals for their cash flow. I'd think twice at
buying above $7
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--- In vpFREE@yahoogroups.com, pesach kremen <royalflush2222@...> wrote:
Any guesses as to why BYD is selling so cheap?
exactly...the new megaresort complex is a hugh risk for the
company...at some point that upscale market has to become saturated
and that's all their building on the strip...
Let's see, you explode a mid-range Hotel/Casino on the strip with
lots
of history, then you trade off your only other strip offering for a
Mega-Dog Stand location...They nothing to produce income on the strip and it will cost
Billions
to build something on the land BYD owns.
Money for construction is tighter than Harrah's Video Poker
paytables.
Some tourists will go downtown, but few will visit the other
locations.
I see them relying on locals for their cash flow. I'd think twice
at
···
buying above $7
BYD is at/near a 52 week low. If your horizon is
= 3 years you're likely to do pretty well.
Partly due to the fact that casinos in generally are expecting
fewer
visitors and lower revenues this spring and summer due to the
economic
downturn. Haven't looked a BYD specifically, but I was looking at
buying something else and decided not to due to the depressed
outlook.
Most of the casino stocks are down across the board. Here is just
one
of the many articles regarding the recession and how it is
affecting
casinos:
http://biz.yahoo.com/wallstreet/080417/sb120839324112621477_id.html?.
v=
1
That being said, much of that info has now been priced in, so
might be
···
--- In vpFREE@yahoogroups.com, "sjsharkey" <ryasuda@...> wrote:
a good buy if you think that things will turn around soon.
-Shark
worldbefree22001 wrote:
BYD is at/near a 52 week low. If your horizon is
>= 3 years you're likely to do pretty well.
A rear view mirror is among the poorest investment advisors.
- H.
I suspect just slightly worse
than an internet chat board on
gambling 
···
--- In vpFREE@yahoogroups.com, "Harry Porter" <harry.porter@...> wrote:
worldbefree22001 wrote:
> BYD is at/near a 52 week low. If your horizon is
> >= 3 years you're likely to do pretty well.A rear view mirror is among the poorest investment advisors.
- H.