Boyd Gaming (BYD)

The Host system and offers at Boyd properties, as well as the personal touch given to their customers make for very loyal customers. Of course there are many things they could do to help such as making at least 50% of their casino space totally non smoking to keep their market politically correct as well as be more receptive to needs of customers at all hours. The lack of restaurant options late night downtown needs to be addressed as long lines mean customers are not spending money either dining or gambling. The variety of games offered is a help in retaining loyalty as is a very strong slot club program.

The big Gorilla in the LasVegas locals market has been Stations Casinos. Now that Stations is sinking under $6b debt and in active BKY, Boyd will likely move from #two to #one because it has billion$ and will most likely win a big chunk of Stations properties after the BKY dust settles, or will buddy up with Stations and emerge with a stock more than double the $9 price today. BOYD (BYD) is 40% less than book.

This stock is a steal during this down time. When the Echelon is restarted and eventually opened the dividend will be as high as the share price is now. Can anyone seriously say that a company with revenue of 2 billion dollars and a profit of 116 million is only worth 500 million dollars?? Come on. I will continue to accumulate shares at these bargain prices. Boyd has the customer loyalty and fine management to squeak out profits during this recession whether it is 1 quarter or 3.