Boyd Gaming Story

BYD -- USA Stock  

USD 25.81  0.02  0.0008%

Macroaxis News
  
By David Taylor

Boyd Gaming has had its fair share of volatility with its stock price.  Unfortunately, over the past couple of years, the earnings were in negative territory.  The stock had been trading as high as $50.00 per share.  But, when the negative earnings started to come in steadily, the stock was beaten down as traders headed for the exits; BYD was trading at a price under $4.00 per share.  

Some beaten down stocks are now strong buys such as this company Boyd Gaming

Oftentimes a stock may become beaten down because of bad earnings for a period of time, and why wouldn't it? But, eventually, these stock's fortunes will turn.  Here is one company, Boyd Gaming, in the gaming industry, that is going to be doing better going forward.  And, now that its stock has turned with the economy, this may be a great opportunity to get in.  




Boyd Gaming has had its fair share of volatility with its stock price.  Unfortunately over the past couple of years, the earnings were in negative territory.  The stock had been trading as high as $50.00 per share.  But, when the negative earnings started to come in steadily, the stock was beaten down as traders headed for the exits; BYD was trading at a price under $4.00 per share.  

Here is a listing of BYDs earnings over the past several years:

2011:    -$0.04

2012:  -$10.37

2013:    -$0.83

2014:    -$0.48

2015:     $0.42

There were a few very lean years, with one year being more like a famine.  However, the fortunes are changing and so is the economy.  With BYD turning profitable in the last year on this chart the stock is had begun moving higher.  Now, it is poised to break out to the upside.  The fundamentals on this move make a lot of sense and allow for an empowering position for anyone taking this stock.  

First, the company is in the gaming industry.  This is an industry that is very closely tied to the fortunes of the economy.  This is the epitome of discretionary spending.  As incomes in American are moving higher so will the profits in the gaming industry.  So, this is a business that will appreciate significantly over the course of some time.  

Right now the stock is trading at about $5.00 per share.  That is a mere tenth of its former self from just a couple of years ago.  It is very easy to see this stock return to these levels now that buying has entered into the market.  Getting in to a stock like this, one that could easily retrace its move downward, and maybe even eclipse that move, would mean you would earn a 1,000% return.  That is tempting.  

The fundamentals are there.  The earnings-per-share have turned positive and are beginning to move even higher.  And, as mentioned, the economy will be driving more opportunities into the gaming industry.  When I see companies like this I see a lot of potential.  The past few years have forced management to lean out the company.  Now, with more sales revenue possibilities available to the company, that leanness will go a long way to adding a large profit ratio.  

The leaning up of the company is evident in the assets:liabilities ratio.  Whereas before it was nearly 1:2 it now rests at about 1:1.5.  The company has paid down some debt and now its revenues are going to be increasing.  

These are the types of companies that I like to buy into.  This company’s stock has been beaten down significantly.  A lot of stocks have had that problem over the past few years.  But, this stock has to seen the larger sunup of late.  BYD’s move upward has been lagging the overall market.  It is as if the market has forgotten, or wanted to forget, this stock.  

And that is the perfect time to get into a company like BYD.  I had recently written that the price-earnings ratio is a bit high.  It is now sitting at about 25.83.  Historically it averages 15.  Likely there will be some selling the first part of this year.  But, I do not see too much potential of selling for this stock.  It is already very low; it is sitting at a great buying price.  Even if the market does correct itself from its 14% move higher in the past 8 weeks, there is very little downside to this stock.   

This kind of company is exactly the kind of company that I look for to add to my own portfolio.  You should, too. 

Boyd Gaming Ownership Allocation (%)

 Ownership % 
      Values 

Boyd Gaming exotic insider transaction detected

Boyd Gaming Corporation insider trading alert for general transaction of common stock by Marianne Johnson, Executive Vice President, on January 10, 2019. This event was filed by Boyd Gaming Corp with SEC on 2019-01-10. Statement of changes in beneficial ownership - SEC Form 4. Marianne Johnson is currently serves as vice chairman, chief diversity officer, executive vp and director of Boyd Gaming [view details]   

About Contributor

David Taylor
   David Taylor is a Senior Member of Macroaxs Editorial Board - Sector Analysis. David is a professional writer who writes for multiple investment news outlets. His primary focus is dynamic movements in financial markets and effects of economic volatility on North American industries and sectors. David has many years of experience in financial service industry including working with major banks as a FX trader. In his free time, he does a lot of outdoors type activities including rock climbing, mountain biking, hiking, mountaineering and kayaking in the summer, and snowboarding in the winter. View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and David Taylor do not own shares of Boyd Gaming Corporation. Please refer to our Terms of Use for any information regarding our disclosure principles.

Story Momentum

This article from Macroaxis published on 05 of January contributed to the next trading period closing price depreciation.The overall trading delta to the next next day price was 3.07% . The overall trading delta when the story was published to current price is 22.75% .

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Retained Earnings

Retained Earnings Comparative Analysis

  Retained Earnings 
      Boyd Gaming Comparables 
Boyd Gaming is rated below average in retained earnings category among related companies. Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
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