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Keith bought BYI in the Hedgeye Virtual Portfolio at $35.53.  According to his model, there is TRADE and TREND support at $34.26 and $32.01, respectively.

From a fundamental perspective, we've been positive on BYI since G2E in early October.  Visibility is improving in BYI's systems business - its secular growth engine - and significant growth should emerge in the latter half of FY2012.  Replacement demand has been accelerating for a few quarters - though the sell side is only just starting to acknowledge it - while visibility on new markets is beginning to emerge.  We believe the industry could be at the beginning of a 3-5 year bull market.

BYI: TRADE UPDATE - BYI1