DISCLOSURE-long BYD- just letting you know before I get bashed.
The $13 BV can disappear really fast in a write off or two so just be aware. I wouldn't put the true BV that high as someone would have already raided the BYD gaming company if they could get close to that price for each share.
Having said all of this it maybe a good take over candidate for someone looking to expand since the current market price in only about 1/2 billion. Drawback is-the properties are getting old for the most part and need maintenance and upgrades. So the $6/share right now maybe a fair price.
I am holding onto my shares and on any more serious dips may add to my position since I think $9-$10 share maybe a fair price on a takeout.
Thanks mike, i got in yesterday at a 6.20. Already taking a lose. I bought after seeing that straight line down. After charting byd after monster declines, the stock almost always comes back strong with a short time frame. A month or so. I here from people who live in Vegas that things are really starting to pick up there! BYD has a tightly controled float and it seems to be being munipulated down. Would like to see some new insider buying.
I can't imagine a company with billion dollars worth of assets, not getting a buyout. 10 bucks would be a deal for all there assets.