TripItUp
Footballguy
There was some discussion regarding DKNG a few days ago and I was too busy to chime in then but I've been posting in here about it.
I have 25% of my non 401K money in it so I'm obviously bullish...it's the most I've ever had in a single stock. I got in at 18ish(posted in this thread) and am now up 60%ish. My best short term/big money play ever. I typically don't take too much risk but loved the risk/reward profile at the time.
Reasons I like DKNG long include the following:
1. Strong mgmt team
2. Well backed
3. Well branded (best by far)
4. Well designed (best look and feel by far)
5. I expect the sports betting Industry in general will be in high growth mode for the forseeable future
6. I expect the stock price to bounce as sports open up (record breaking handles every time there is an event), Other bounce moments will be as states open up. As all eyes will be on California as the single largest market, other states will be opening up along the way. The Action network actually keeps a running commentary/update by state.
7. Many pundits have also been bullish because they expect revenue desperate states like California will be looking for new sources of income. Less than half of the states currently allow online sports betting but most believe it will not be long before almost all states will legalize.
Overall I believe DKNG is well positioned to be a winner in the online betting industry due to branding, client base, market growth opportunity and design. This is not a daily fantasy play, it is a sports betting/online casino play.
If you aren't a believer in DKNG but want to get a piece of the gaming pie you can also invest in PENN/IGT/BOYD.
I have 25% of my non 401K money in it so I'm obviously bullish...it's the most I've ever had in a single stock. I got in at 18ish(posted in this thread) and am now up 60%ish. My best short term/big money play ever. I typically don't take too much risk but loved the risk/reward profile at the time.
Reasons I like DKNG long include the following:
1. Strong mgmt team
2. Well backed
3. Well branded (best by far)
4. Well designed (best look and feel by far)
5. I expect the sports betting Industry in general will be in high growth mode for the forseeable future
6. I expect the stock price to bounce as sports open up (record breaking handles every time there is an event), Other bounce moments will be as states open up. As all eyes will be on California as the single largest market, other states will be opening up along the way. The Action network actually keeps a running commentary/update by state.
7. Many pundits have also been bullish because they expect revenue desperate states like California will be looking for new sources of income. Less than half of the states currently allow online sports betting but most believe it will not be long before almost all states will legalize.
Overall I believe DKNG is well positioned to be a winner in the online betting industry due to branding, client base, market growth opportunity and design. This is not a daily fantasy play, it is a sports betting/online casino play.
If you aren't a believer in DKNG but want to get a piece of the gaming pie you can also invest in PENN/IGT/BOYD.
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