Robert Weinstein

Positive Growth Outlook for Boyd Gaming Corporation

Interesting post. I do think the author is wrong in thinking that BYD is a buy. The problem as I see it is the author has not spent as much time on the property or in Las Vegas.

BYDs main property in Vegas and the second most important property are both off strip. This means that when Vegas catches a cold BYD gets pneumonia.

I wrote a post in my blog about how I walked a tour through the property about four times a day to see how they where fairing. It was not pretty. To fill rooms they are offering them at $25 weeknights and $50 Weekends.

As if that was not enough, City Center and other properties will be coming online in less than a year.

Also, applying TA to the stock its pretty clear what direction the weekly chart is in. Also this stock is under the 200 MA which also shows that money is moving out of this stock not into it.

I do feel that BYD could be a great buy at some point and maybe as early as 2009 but does not present a good risk to reward opportunity in my opinion for this trader.