The Investment Thread

efil4stnias said
how so? in 5 previous quarters, they reported negative net income.

Id be looking into the "why" on that- could be expenses like advertising/sales to get established and hope those "Fall off" at some point.

in 2019 they had only -$50mm loss.

2020 was over $1 billion

and 2021 looks to be around another 1B loss.
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They're still kinda in the rollout phase. And I feel like DraftKings is gonna come out on top as the big dog amongst the online DFS and sportsbook companies. Just saying based on its current valuation I feel like this is a good entry point.