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invester
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I bought the Jan. 2011 Calls. Extremely undervalued. 15 casinos across the US market cap 600 million. You can’t even build 1 for that, Revs. 500 million per quarter. Really cheap stock.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
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Check out the data. Nice.

Income Statement Per Share Data
Revenue (MRQ) 578.4M
EBITDA (MRQ) 107M
Earnings before taxes (MRQ) 16.9M
Net Income (MRQ) 3.4M
Normalized earnings before taxes (MRQ) 17M
Normalized Net Income (MRQ) 3.4M
EPS excluding extraordinary items (TTM) 0.20
EPS Normalized (MRFY) 0.68
Rev per share (TTM) 20.53
BV per share (MRQ) 13.67
Tangible BV per share (MRQ) 6.30
Cash per share (MRQ) 1.16
Cash flow per share (TTM) 2.34
Indicated Annual Dividend (US)

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invester
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$8.30
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
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I love being right.


Boyd Shares Popped: What You Need to Know
By Rex Moore | More Articles
October 8, 2010 | Comments (1)

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Casino operator Boyd Gaming (NYSE: BYD) finished the day with a 10% gain, as investors cheered a strong report on gaming activity in Las Vegas.

So What: According to the Nevada Gaming Control Board, gaming revenues on the Las Vegas Strip surged a whopping 21% year over year in August, to $544 million. Not surprisingly, shares of other Las Vegas-based casinos such as Las Vegas Sands (NYSE: LVS), Wynn Resorts (Nasdaq: WYNN), and MGM (NYSE: MGM) are up big on the news.

Now What: It's been a rough few years for many casino operators; Boyd is down almost 80% in that time frame. Today's news is good, but investors need to keep an eye on the bigger picture -- especially the company's ability to handle its debt load.

Interested in more info on Boyd Gaming? Add it to your watchlist here by clicking here.

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Fool analyst Rex Moore owns no companies mentioned here. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool has a disclosure policy.
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Report this Comment On October 08, 2010, at 6:08 PM, teamonfuego wrote:

Rex - MGM is being forced to sell 50% of the Borgata and BYD has rights of 1st refusal on the remaining 50% stake. The Borgata is the premier location in Atlantic City. Check out their financial performance in 2009:

http://www.state.nj.us/casinos/financia/qtrincome/2009/4th%2...

Highlights:

Operating Income: $204,385,000

Dep/Amort: $78,719,000

Net Income: $108,241,000

Cash From from Ops: $193,634,000

Cap Ex: $(17,889,000)

FCF: $175,745,000

So essentially BYD is trading at 8 times their share of the Borgatas FCF and 12 times their share of Net Income and mind you this is when the economy has been in the dumps. Remember BYD has 1st dibs on the remaning 50%. This property alone is worth about $1.5 to $2 Billion. Yet BYD is trading at about $700 Million market cap. Hmmmm.

If BYD has 1st shot at buying the remaining stake then I guarantee you that other casino operators are talking to them about the Borgata. A buyer of BYD would get the Borgata and a bunch of other properties with significant upside leverage during good times. I believe BYD is worth $14 to $18/share and I think a LVS or Harrah's will come in and buy them.

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invester
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$8.08

Boyd Gaming (BYD) Trading Up 1% Ahead Of Monday's Earnings Report
Friday 10/22/2010 12:00 PM ET - Freshbrewedmedia

Related Companies
Symbol Last %Chg
BYD 8.07 4.94%

As of 3:09 PM ET 10/22/10
Boyd Gaming (NYSE: BYD) opened at $7.78. So far today, the stock has hit a low of $7.75 and a high of $7.81. BYD is now trading at $7.79, up $.10 (1.3%). The stock hit its 52-Week high of $14.85 in May and set its 52-Week low of $6.70 in September. The company will be reporting its third quarter results on Monday with analysts expecting to see earnings of $0.05 per share, versus earnings of $0.09 during the same period last year. S&P does not currently have a STARS rating for BYD. We will just watch this one for now. There are no hedged trades we like the look of for BYD.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/c?BYD for our free Boyd Gaming Corp (BYD) Stock Report - See what our analyst have uncovered about this company.

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invester
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$8.32
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invester
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$9.16
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invester
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$10.89
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
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Boyd Gaming (BYD) NewsBite - BYD Rises 1.5% As Wells Lifts EPS Estimates
20 minutes ago - Freshbrewedmedia

Related Companies
Symbol Last %Chg
BYD 10.08 2.02%

As of 11:33 AM ET 12/7/10
Boyd Gaming (NYSE: BYD) opened at $10.05. So far today, the stock has hit a low of $9.95 and a high of $10.30. BYD is now trading at $10.03, up $0.15 (1.48%). Over the last 52 weeks the stock has ranged from a low of $6.70 to a high of $14.85. This morning an analyst at Wells Fargo reiterated BYD at Market Perform, lifting the brokerageaEUR(TM)s Q4, 2011, and 2012 EPS forecasts to -$0.06, $0.15, and $0.46 from -$0.08, $0.01, and $0.09, respectively. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for BYD. If you are looking for a hedged play on BYD the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 9 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/c?BYD for our free Boyd Gaming Corp (BYD) Stock Report - See what our analyst have uncovered about this company.

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