Boyd Gaming Corp (BYD): I can understand, I have. Been holding s...

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Re: molly1 post# 58

Sunday, 05/15/2011 10:16:06 AM

Sunday, May 15, 2011 10:16:06 AM

I can understand, I have. Been holding since late '06, and right now I'm at break even point.
Boyd was smart enough to hold all new construction when the market tanked, so they were lucky and had a lot of cash available. (That cash was intended for their new property. I can't remember the proposed name of it right now, but it was going to be a "super casino" like MGM's City Center.)
My good friend works at Sam's Town, so I get my info right from a reliable source. It's public knowledge, no insider stuff, but at least it's the straight story, no PR fluff.
Good Luck in whatever you decide to do. I know it's frustrating not seeing any great increase in your investment. If you sell, you can always re-buy when things start to break better for Boyd!

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