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Investment Q&A

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

Boyd Group Services Inc. (BYD)

Q: Why is this company dropping?
Is it a buy, hold, or sell?

Thank you

Asked by patricia on August 14, 2024

5i Research Answer:

BYD reported a 3.2% decline in same-store sales recently, and this prompted several broker downgrades. We would consider it a HOLD. It has a very strong history and is going through a rough patch, but we think it will recover over time.

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