Penn Shares Soar After Activist Calls for Sale of Casino Company bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Boyd Gaming (NYSE:BYD) is trading near a 52-week low following a harsh post-earnings sell-off. Late last month, the casino company announced a sharp decline in first-quarter profits, causing shareholders to rush to the exits. Since the high-volume 15% plunge, however, the stock has stabilized. Boyd Gaming’s long-term track record of delivering shareholder value and its attractive valuation suggest the risk-reward is favorable here. I believe this dip is indeed worth the gamble. Based in Las Vega