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Boyd Gaming Corporation (BYD)
NYSE - NYSE Delayed Price. Currency in USD
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#BYD sales expert: Chongqing #Dolphin #EV buyers 70% female, earlier Dolphin sales/store: 50-60/month, now >100, Nov, Dec at 80-100.
sales are growing...
slightly contradictory to other reports that they will NOT raise prices, but... #BYD to raise Dynasty & Ocean models price by ¥ 1K-7K as of 1 Feb citing material price hikes & #NEV purchase subsidy cuts, customers who paid a deposit will not be affected.
#BYD sales expert: OEM will not increase prices in 2022, but will not offer any discounts either, to use other methods to make up for unchanged prices, e.g financing to be subsidized as BYD 80%/dealer 20%, instead of previously BYD 100%.
The 10 year Treasury yield is up 10% in 5days so the market is taking it out on growth and tech stocks. Someone remind the market that $nio, $li, $byd, $xpev and a chunk of $tsla are not based on issues with us currency. In fact, they always site the ability to borrow and grow being issues as inflation rises, but they never discuss benefits of improving exchange rates for foreign firms.
BYD + AABB / Aabbg Crypto launching Exchange Dec 28 th + FOBIF / VSBGF AI tech
IS WARREN BUFFET BUYING INTO NIO AS WELL AS BYD?
So with the BYD partnership and focusing the EV market on battery swap and with they year end sell off and Nio's impending revenue growth/ capacity about to explode. This is exactly the type of asset Warren Buffet looks for. Shorts would be killed and Buffet would double his money in Six months and accelerate the growth of $BYD.
Las Vegas open in January 2022. neighbors said the strip was busy, lots of visitors in Las Vegas, good for BOYD
This is probably the most solid gaming stock on the market. Smart management team that doesn't get ahead of itself. Check out BALY from 53 to 37 in a couple months.
is this the BYD Gaming comment board? good day for gaming investors. nothing to do with lithium!
This is a CASINO COMPANY.
We will visit 9 today.
Trend is your best friend.
Covered my short $tsla, Tesla is way over valued still.
$BYD is truly an EV play, yet very little attention the stock get.
Took some profit $rivn
all in $mcrb "Dirt is good"
Sold BYD at breakeven. Gabling sector not doing well and did not want to sell PENN at loss. I got PENN shares from SCR takeover so technically not a loss but .....
When is The Eastside Cannery going to open?
#BYD to purchase 56,050 t #lithium #hexafluorophosphate from #DFD in the next 4 years.
BYD has run in parallel with PENN until PENN’s announcement with Barstool. BYD will have better 4Q 2019 earnings than PENN IMO. With better earnings BYD should be +$36 after earnings. If there was a positive surprise at earnings possibly more....of course IMO.
W. Boyd bought 100,000 shares of BYD paying full price
on May 1.
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Top Bullish Charts for November 2020 💰💵📈
so boyd is trading now when most of the casinos are closed about 60% higher then it was a year ago pre covid when all the casinos were open!! makes sense...
Many Boyd Gaming employees are on the chopping block
By Erik Gibbs
Like every other company that operates inside the gambling bubble, Boyd Gaming is suffering because of the coronavirus pandemic. It recently reported that its first-quarter figures were well below previous expectations, with the casino operator seeing a net loss of $18.3 million – a year earlier, it had a profit of $45.5 million. While land-based gambling losses were slightly offset by Boyd’s online initiatives, these weren’t enough to cover the entire deficit, and the continued casino outage in the US is chipping away at the company’s foundation. Despite some states allowing their casinos to come back online, the recovery process is going to be long and arduous, and Boyd isn’t convinced it will emerge unscathed. It has announced that it will need to let a number of employees go, and some properties could lose as much as 60% of their workforce.
At the end of last week, Boyd announced that it was ready to get the familiar sights and sounds going again at 13 of its properties – nine of which are in Las Vegas. The other four are found in Missouri and Iowa. Las Vegas is expected to begin to see casino action this Thursday, although those plans will more than likely be altered due to the ongoing riots and protests following the death of George Floyd while being arrested by police. Nevertheless, Boyd is anxious to get things going.
The relaunch will be too little too late for many company employees, though. Boyd sent a letter to some of its employees this week (which is just slightly better than leaving a voicemail) to inform them that it is going to be forced to permanently get rid of “between 25 percent and 60 percent” of employees. The rest of the employees, those fortunate enough to be selected to continue, will more than likely stay on furlough for at least six months more.
The letter is reportedly dated May 22, and a copy was also sent to labor officials in Nevada. The company explains that the layoffs are necessary due to the “mandatory closures, guest limitations imposed by various regulatory authorities, and overall economic conditions” resulting from the current pandemic. Employees can expect to start receiving their pink slips anywhere from July 1 to July 14, and there may be more than 10,300 workers who will receive their notice.
Boyd VP of Corporate Communications David Strow sent an email to Casino.org to help explain the situation, as well. He indicated that the company strives to be as “transparent as possible” and added, “There continues to be uncertainty surrounding opening dates for some of our properties across the country that have been closed since mid-March. In addition, it is very difficult to predict what business levels will look like as we reopen our properties, and how long it will take for business to recover to normal levels.”
Boyd still expects to have 21 of its 29 properties operational within the next week, according to a previous statement at the end of last week from its president and CEO, Keith Smith.
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