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Tuesday, April 24, 2012

Potential Takeover Candidate? (NYSE: BYD)

Shares of BYD fell by 2.59% or $-0.21/share to $7.90. NYSE is trading at a price to book ratio of 0.58. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.18 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.3. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1546850 shares of BYD exchange hands on a given day and today's volume is recorded at 707621. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

Boyd Gaming Corporation (Boyd Gaming) is a multi-jurisdictional gaming company.