My PLAN with DraftKings Stock 🚀 | Am I buying more DKNG? episode artwork

EPISODE · Jan 6, 2022 · 11 MIN

My PLAN with DraftKings Stock 🚀 | Am I buying more DKNG?

from ElBlanco Finance · host ElBlanco

Is DraftKings stock a buy today, considering that we just hit 52 week lows? Today we discuss DKNG's valuation, fundamentals, the Golden Nugget acquisition (GNOG) and the industry. We are now trading back at May 2020 prices.    🚀 Join the VIP Membership Group (Discord) today! ► https://elblancofinance.com/  0:00 Financials & Valuation  5:32 GNOG, NFT's & Sports Betting  8:14 My moves 🔥   On a high level, I believe that #Draftkings should be trading at a higher stock price because its revenue has 2.5X in the past year, yet we are back at old prices. What's more, management's execution is on point. They have recently announced partnerships with the NHL and NFL. They have a future launch of an #NFT sports collectibles marketplace where they will issue their own NFT's and make % off transactions (just like Coinbase). In 2022, they are set to grow 56%. By 2023, they will probably reach profitability. They also have a solid balance sheet.    Something else to look forward to is the #GNOG acquisition, which was bought for a mere 7.4X EV/S multiple. Thanks to different demographics and the association with Tilman Fertitta, the acquisition will turn #DKNG into a giant in the US Sports Betting market. I believe that the market is underestimating the synergies that will come from this... Additionally, the sports betting industry in the US is on the cusp of exploding in my opinion.  I don't expect these calls to rebound fast. However, with two years to go with these calls, I am confident that the investment will pan out.   Be sure to do your research and #dontsuemebro. Kindly drop a like if you appreciate this kind of analysis 🙏

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My PLAN with DraftKings Stock 🚀 | Am I buying more DKNG?

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