Boyd Gaming (BYD) has not had the easiest five years, with the financial crisis having taken a toll on the company. Prior to the financial collapse, Boyd had grand plans to build The Echelon Resort on the Las Vegas Strip for $4 billion. Luckily, Boyd Gaming was able to halt the project or the company would have certainly gone into bankruptcy.
In March, Boyd was able to sell the land for $350 million to Malaysia's Genting Group and get out of the project. Boyd will use the $350 million to pay down debt. Still, the company is the target of short sellers who are bearish on the company. We are optimistic and think the company's best days...
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