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  5. BYD: This stock has performed well over time but in mid May there was a significant drop in price but recovered then recently another significant drop. [Boyd Group Services Inc.]
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Q: This stock has performed well over time but in mid May there was a significant drop in price but recovered then recently another significant drop. I know they are experiencing cost issues and ask if this stock will recover or continue to suffered significant stock price reductions? Is this still a long term hold?

Asked by Antony on November 15, 2021
5i Research Answer:

Predictions are difficult, of course, but BYD has a solid long term history of performance and we would give it the benefit of the doubt here. Most of the issues relate to staffing, but we think these will be resolved in due course. Consensus estimates still call for good earnings growth in 2022.