Underweight - Price 9.08 on Oct. 27
by JPMorgan Equity Research

Target: 6; previous, 7. Following a 3Q09 [earnings before interest, taxes, depreciation and amortization] miss...we are reaffirming our Underweight rating on BYD. Recall, BYD reported 3Q09 net revenues and adjusted Ebitda of $398.2 million and $96.6 million, compared to our $407.5 million and $100.8 million and the Street's $410.7 million and $101.3 million, respectively. Market cap: $804 million.

growth/speculation

BYD casinos attract both hard-up old school gamblers and also youngsters willing to spend and ultimately give their money away.

Read more here.

-87.22%

casino

Hold - Price 3.83 on Oct. 29
by Sterne, Agee & Leach

Las Vegas' local market continues to deteriorate, with housing prices declining, unemployment rising, and new competition coming online...3Q Ebitda was $101 million, versus company guidance of $110 million to $120 million and consensus $113 million. Adjusted EPS was 16 cents, versus guidance of 18 to 23 cents....All four operating segments posted double-digit declines in Ebitda. Market cap: $375 million.

PE of 24.18, a PEG of 0.98. It pays a yield of 4.30%.

0.45

Then we also learn today that the MGM Mirage and Boyd Gaming (BYD) facility, the Borgata in Atlantic City, is seeing some softness. That's awful, especially because of a big build-out of this property that cost $400 million!

Weak category

casino

how can you not make $$$ in the casino business?

lost some money here