12/12/2023 0 Comments Boyd gaming casinoPutting concerns over an imminent consumer slowdown to rest, Boyd Gaming reported upbeat Q1 results on April 25. Record Q1 Results Show Off Business Resilience With 28 wholly-owned gaming entertainment properties across 10 states in the U.S., Boyd Gaming also owns and operates Boyd Interactive, a business-to-business (B2B) and business-to-consumer (B2C) online casino gaming business. The stock is further supported by robust business fundamentals, substantial returns through share buybacks, and strong cash flows. These reasons include its well-diversified gaming presence and considerable growth potential stemming from its online portfolio. However, there are still reasons to stay invested in the stock. Year-to-date, the stock has shot up more than 27%, outperforming the underlying S&P 500 ( SPX) benchmark. ![]() The stock has jumped considerably from its lows of $6.44 seen during the COVID-19 pandemic to around $69 currently, close to its all-time high. What intrigues me the most about the casino-gaming giant Boyd Gaming ( NYSE:BYD) is its stock price performance.
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