Below is a brief note from CEO Keith McCullough on why we're adding Boyd Gaming (BYD) to the short side of Investing Ideas today:
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Given the recent implosion in the casino stocks, are you looking for some ideas on the short side? I am. But you know me, I'm a stickler for waiting for bounces to short on green! Boyd Gaming (BYD) is a name Todd Jordan recently moved from bullish to bearish on. Here's a summary note from his Institutional Research call to sell the stock: "We fear that the story going forward will revert to bad demographics, stiff competition, and wage pressure, all combining to limit EBITDA growth and possibly deflate the multiple." Yours in generating short selling ideas since 2008, KM |
