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Technology Stocks : DraftKings, Inc. / Online Gambling
DKNG 29.70+6.2%3:30 PM EST
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To: radkapital who wrote (10)4/26/2020 9:45:27 PM
From: Glenn Petersen1 Recommendation

Recommended By
sixty2nds

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Welcome to SI.

Re: DraftKings

The negatives:
1) A high valuation
2) A long road to profitability
3) Very little to bet on

The positives:
1) A huge untapped market
2) A business model tailor-made for our post-COVID social distancing era
3) Once the athletes take to the field again, DraftKings will ramp up faster than the brick-and-mortar casinos

4) 1), 2) and 3) above may generate some frenzy in today's market

Ultimately, one of the major casino companies will buy DraftKings
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