skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. BYD: Boyd is down $60. [Boyd Group Services Inc.]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Boyd is down $60.from its high..would you now consider it to be a value stock and at what price would you step in.?

Asked by Terry on November 19, 2021
5i Research Answer:

Shares are beginning to reach critical bottom price ranges, however, we would not consider shares to be cheap at 64x earnings, relative to the company's history. That said, we still like the company given its management track record and would be fine paying a premium. Shares could still see some further pressure we think, but it is always tough to call the 'bottom'. The worst 'should' be over, but we would continue to watch for shares to settle and begin consolidating or seeing some positive momentum before accumulating shares.