BYD 18.21 - The Company reported first-quarter 2020 revenues of $680.5 million, down from $827.3 million in the first quarter of 2019. Total Adjusted EBITDAR(1) was $144.4 million in the first quarter of 2020, compared to $223.0 million in the first quarter of 2019. Adjusted Earnings(1) for the first quarter of 2020 reflect a loss of $2.4 million, or $0.02 per share, compared to Adjusted Earnings of $48.9 million, or $0.43 per share, for the same period in 2019.
Operations Review During the period from March 12 through March 18, 2020, the Company was required to close all 29 of its properties nationwide under state and local orders aimed at mitigating the spread of COVID-19. As of April 28, 2020, all Boyd Gaming properties remain closed to the public.
The pps was $16.78 when these numbers were posted. What are the buyers thinking? I've never seen such alice-in-wonderland type buying...moved my 500-share short position into 20 June puts (at reasonable premiums) and ready to put-plunge more on any further buying by, what must be, absolute drunks...
