Long Position on BYD @ $65.50 on 10/13/2021 (Fundamentals)

Boyd Gaming Corporation (BYD), together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.

As of March 8, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency.

The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

Boyd Gaming reported 2nd Quarter June 2021 earnings of $1.54 per share on revenue of $893.6 million. The consensus earnings estimate was $0.92 per share on revenue of $780.4 million. Revenue grew 325.8% on a year-over-year basis.

Please note, this stock reports earnings on Tuesday, October 26th.

With this stock's growth beating the S&P 500's market index year-to-date and strong investments from several hedgefunds, this stock should have a strong earnings report in the coming weeks.

Entry Point: $65.50

Trading Range: $30.30 - $71.00

Stop Loss: $62.25

Target Price: $72.00

Position closed on 11/3/2021 at price of $67.00 with a 2.29% gain in 21 days.

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