Richard Flaherty - Boyd Gaming Independent Director

BYD Stock  USD 63.60  0.36  0.57%   

Director

Dr. Richard E. Flaherty is an Independent Director of the Company. He has served as a director of the Company since October 2011. From September 2008 until retiring in July 2010, Dr. Flaherty served as the Dean of the Eberhardt School of Business at the University of the Pacific, in Stockton, California. Prior to that, he had served as Dean of the College of Business and Professor of Accounting at the University of Nevada, Las Vegas for eight years, and before joining UNLV, Dr. Flaherty was on the faculty at Arizona State University for approximately twentyone years. He was also previously on the faculties of the University of Illinois and Oklahoma State University, and served for almost two years as a research associate at the Financial Accounting Standards Board. He has published articles on financial accounting theory and practice in several journals and coauthored an intermediate accounting textbook through six editions. since 2011.
Age 73
Tenure 13 years
Professional MarksPh.D
Address 6465 South Rainbow Boulevard, Las Vegas, NV, United States, 89118
Phone702 792 7200
Webhttps://www.boydgaming.com

Boyd Gaming Management Efficiency

The company has Return on Asset of 0.0984 % which means that on every $100 spent on assets, it made $0.0984 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3719 %, implying that it generated $0.3719 on every 100 dollars invested. Boyd Gaming's management efficiency ratios could be used to measure how well Boyd Gaming manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.16. The current year's Return On Capital Employed is expected to grow to 0.18. At present, Boyd Gaming's Net Tangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Return On Tangible Assets is expected to grow to 0.16, whereas Non Current Assets Total are forecasted to decline to about 4 B.
The company has 3.73 B in debt with debt to equity (D/E) ratio of 2.42, meaning that the company heavily relies on borrowing funds for operations. Boyd Gaming has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Boyd Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Boyd Gaming's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Boyd Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boyd to invest in growth at high rates of return. When we think about Boyd Gaming's use of debt, we should always consider it together with cash and equity.

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Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. The company was founded in 1975 and is headquartered in Las Vegas, Nevada. Boyd Gaming operates under Resorts Casinos classification in the United States and is traded on New York Stock Exchange. It employs 15114 people. Boyd Gaming (BYD) is traded on New York Stock Exchange in USA. It is located in 6465 South Rainbow Boulevard, Las Vegas, NV, United States, 89118 and employs 16,129 people. Boyd Gaming is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification.

Management Performance

Boyd Gaming Leadership Team

Elected by the shareholders, the Boyd Gaming's board of directors comprises two types of representatives: Boyd Gaming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boyd. The board's role is to monitor Boyd Gaming's management team and ensure that shareholders' interests are well served. Boyd Gaming's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Boyd Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Strow, Vice Communications
Anthony McDuffie, Chief Accounting Officer, Principal Accounting Officer, Vice President
Billy McCoy, Independent Director
Ted Bogich, Executive Vice President
A Thoman, Independent Director
Christopher Gibase, Chief VP
Marianne Johnson, Co-Executive Chair of the Board of Directors and Executive Vice President
Veronica Wilson, Independent Director
Peter Thomas, Presiding Independent Director
Robert Boughner, Chief Bus. Devel. Officer, Executive VP and Director
Uri Clinton, General VP
William Boyd, Executive Chairman of the Board of Directors
Josh Hirsberg, Chief Financial Officer, Principal Financial Officer, Executive Vice President, Treasurer
Lori Nelson, Senior Vice President - Finance Operations, Interim Chief Accounting Officer
Richard Flaherty, Independent Director
Brian Larson, Executive Vice President, Secretary, General Counsel
Christine Spadafor, Independent Director
Steve Thompson, Executive Vice President
Stephen Thompson, Executive Vice President - Operations
John Bailey, Independent Director
Theodore Bogich, Executive Vice President - Operations
Paul Whetsell, Independent Director
Keith Smith, President, Chief Executive Officer, Director

Boyd Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Boyd Gaming a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Boyd Gaming Investors Sentiment

The influence of Boyd Gaming's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Boyd. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Boyd Gaming's public news can be used to forecast risks associated with an investment in Boyd. The trend in average sentiment can be used to explain how an investor holding Boyd can time the market purely based on public headlines and social activities around Boyd Gaming. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Boyd Gaming's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Boyd Gaming's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Boyd Gaming's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Boyd Gaming.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boyd Gaming in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boyd Gaming's short interest history, or implied volatility extrapolated from Boyd Gaming options trading.

Pair Trading with Boyd Gaming

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boyd Gaming position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boyd Gaming will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Boyd Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Gaming when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boyd Gaming - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boyd Gaming to buy it.
The correlation of Boyd Gaming is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boyd Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Boyd Gaming can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Boyd Gaming is a strong investment it is important to analyze Boyd Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Boyd Gaming's future performance. For an informed investment choice regarding Boyd Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for Boyd Stock analysis

When running Boyd Gaming's price analysis, check to measure Boyd Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.
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Is Boyd Gaming's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boyd Gaming. If investors know Boyd will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boyd Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.43)
Dividend Share
0.64
Earnings Share
6.12
Revenue Per Share
36.896
Quarterly Revenue Growth
0.034
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.