BYD

Boyd Gaming Corp

Consumer


Presented:01/19/2017
Price:$19.39
Cap:$2.23B
Current Price:$64.16
Cap:$5.89B

Presented

Date01/19/2017
Price$19.39
Market Cap$2.23B
Ent Value$5.00B
P/E Ratio10.28x
Book ValueN/A
Div Yield0%
Shares O/S112.48M
Ave Daily Vol1,394,382
Short IntN/A

Current

Price$64.16
Market Cap$5.89B
Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. Its portfolio includes hotels, casino, breweries, resorts, and spa. The company was founded by William Samuel Boyd and Sam Boyd on January 1, 1975 and is headquartered in Las Vegas, NV.

Please note, this is an update to: Long the Las Vegas Locals Market - Red Rock Resorts (RRR) and Boyd Gaming (BYD), originally presented on 6/29/2016.

Publicly traded companies mentioned herein: Red Rock Resorts (RRR), Boyd Gaming (BYD) and MGM (MGM)

Highlights

The presenter remains long shares of Boyd Gaming (BYD), and mentioned that he is still long Red Rock as well. He thinks the overall Las Vegas market is tracking well, and the locals market is performing well but continues to lag the general consumer economy. BYD stock is up ~$1 from late June 2016 and still trades at ~8.5x 2017 EBITDA estimates.

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Idea Discussion

Commentor 1 - 2 weeks ago

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