[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Andreas Schulz [@ASchulz888](/creator/twitter/ASchulz888) on x 1046 followers Created: 2025-07-12 00:24:19 UTC Alas, the reality of the Fanduel stake sale was worse for $BYD than the initial reporting, because it also involved a renegotiation of the market access agreement, cutting $BYD's online EBITDA. However, those downgrading $BYD now may regret it similarly to past downgrades, because it ignores the use of proceeds. The deal instantly deleverages $BYD, thus allowing them to continue to pursue both accretive capital projects and their successful share buyback. Without the Fanduel proceeds, the company may have had to slow down while building their new project in Norfolk, VA. Just run the numbers forward a few years through the VA project ramp-up, and the value creation becomes increasingly obvious. And the stock remains cheap on a FCF basis even today. There is still a lot to like here. XXX engagements  **Related Topics** [$1211hk](/topic/$1211hk) [byd](/topic/byd) [$byds](/topic/$byds) [$byd](/topic/$byd) [fanduel](/topic/fanduel) [boyd gaming](/topic/boyd-gaming) [stocks consumer cyclical](/topic/stocks-consumer-cyclical) [Post Link](https://x.com/ASchulz888/status/1943828735687565567)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Andreas Schulz @ASchulz888 on x 1046 followers
Created: 2025-07-12 00:24:19 UTC
Alas, the reality of the Fanduel stake sale was worse for $BYD than the initial reporting, because it also involved a renegotiation of the market access agreement, cutting $BYD's online EBITDA.
However, those downgrading $BYD now may regret it similarly to past downgrades, because it ignores the use of proceeds. The deal instantly deleverages $BYD, thus allowing them to continue to pursue both accretive capital projects and their successful share buyback. Without the Fanduel proceeds, the company may have had to slow down while building their new project in Norfolk, VA.
Just run the numbers forward a few years through the VA project ramp-up, and the value creation becomes increasingly obvious. And the stock remains cheap on a FCF basis even today. There is still a lot to like here.
XXX engagements
Related Topics $1211hk byd $byds $byd fanduel boyd gaming stocks consumer cyclical