Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Was thinking of a dip at 26, but the stock proving otherwise

 

Did you checkout the SBTech website?

I think they contributed $25M that is overlooked in the DKNG report.

 

Ill have to take a look

 

For this to really takeoff, more states will have to be on board.

 

Youve done more research than I, when they claim only betting and online gaming in US, I assumed all states onboard

 

No, it's still illegal in most. I've heard that TN and several others are being approved soon. AL will be #50, IF that ever happens.

 

Curious how it opens Monday. Some definite date openings for sports would help. Im not betting on table tennis

 

Lol man I love this state but it takes them decades to pass any law

 

True, but I have more faith in real TT, than fantasy football, or fantasy anything.

Women's Curling, I'm all in.

 

I'm serious...

 

Its a great platform, when it comes to sports, people bet on some crazy stuff. Ive been at golf tournaments where people are having bets about whose caddy will touch the green first upon walking up

 

That's exactly why I think this will succeed long term.

As far as golf goes, I've heard people bet on Sim Golf.

 

Spandex and a broom.

 

The return of sports.

https://www.google.com/amp/s/www.ny...nyregion/coronavirus-new-york-update.amp.html

 

Last night I stumbled across this Youtube channel. I'm usually not a big Youtube guy but I was impressed right away by the volume of research this guy is doing. Judge for yourself but it's absolutely worth a look.

https://www.youtube.com/channel/UCgY_eHY4NCTcRnU6CCZXWng

 

FWIW:

Quote: DraftKings Lands Another Wall Street Endorsement, Analyst Sets $33 Target on Stock, Highest Thus Far

By Todd Shriber
May 14, 2020
Casino.org

A day before its first earnings report, DraftKings (NASDAQKNG) is rallying after Susquehanna analyst Joseph Stauff started coverage of the daily fantasy sports (DFS) company with a “positive” rating and a $33 price target.

DraftKings Lands Analyst Endorsement

DraftKings and CEO Jason Robins face their first test with earnings looming Friday. But Wall Street loves the stock.

Stauff is the fourth sell-side analyst to pick up coverage of the company following its April 24 initial public offering (IPO). He is also the latest to assign a bullish rating to shares of the sportsbook operator.

All four have the equivalent of “buy” or “strong buy” ratings on the stock. However, Stauff’s $33 price forecast on DraftKings is by far the highest on the street.

Prior to today, the three analysts following the name had an average estimate of $24 on DraftKings, with the highest target coming from Canaccord Genuity analyst Michael Graham at $25.

DraftKings is the first ‘pure-play’ online gambling platform with scale that is exclusively focused on the US TAM, a market we estimate could easily be worth $20B-$40B in 10 year,” said Stauff in a note to clients.

The analyst’s price projection implies upside of about 22 percent from current levels.

‘Significant Advantages’

Not only is the analyst community fawning over DraftKings, but the newly public company has the backing of well-heeled investors ranging from billionaire financier George Soros to NBA and NFL owners to World Wrestling Entertainment (WWE), among others.

Well-known investors are nice, but on a more tangible level, Stauff sees DraftKings’ loyal customer base and regulatory foundation, among other factors, as fuel for more upside in the stock.

“DKNG is a market leader in the US, with significant advantages afforded it after seven years of operating experience, including a database of 12m registered users (~8% of which are active monthly vs. 36% that are active during the year) and an existing customer acquisition/retention engine and critical regulatory apparatus in 43 states,” said the Susquehanna analyst.

DraftKings is currently operational in eight of the 18 states where sports betting is permitted, a number that’s likely to increase as more cash-strapped states turn to iGaming and sports wagering to boost revenue following the COVID-19 pandemic.

Earnings Test

DraftKings delivers its first set of results as a public company before the open of US markets on Friday, a report that could test Wall Street’s near-term enthusiasm for the stock.

Analysts widely expect the company will report a quarterly loss. Last year, DraftKings’ loss widened even as revenue soared, underscoring the point that customer acquisition and retention costs are high in the hyper-competitive sports betting industry.

Analysts and investors may extend some leniency to DraftKings knowing that the NBA postponed its season during the first quarter and that NCAA canceled March Madness because of the coronavirus.

On a related note, the operators’ second-quarter numbers will likely be challenged as well because the only marquee wagering event in April was the NFL Draft. Results for the April through June period should be better, however, because NASCAR resumes this weekend, with the PGA Tour following in a couple of weeks.

 

Keep your eyes on this one:

https://www.cnbc.com/video/2020/05/...te-work-benefits-for-workers-environment.html

 

listen I know it’s a problem BUT if you’re betting on draft kings over nascar or golf, you’ve gotta see someone about that. Between friends every so often, sure. Does DKNG work with a private group like me and a few buddies bet on things??

 

Honestly, I have no idea. It’s illegal for me to do online gambling, so I never looked into it.

My point on DKNG, is I feel it’s the wave of the future when it comes to sports betting. Trading stocks is my current form of gambling.

I’ll do friends and family pools on golf and March Madness, but that’s it.

 

yeah I mean there’s a healthy level of gambling same as drinking. As long as you aren’t an addict, go for it have a few beers/a weekend in Vegas. Just making a joke.

it’s a fair bet (no pun intended) for now. I think the future gubment (not to get political...) may play a hand in how much online gambling is allowed to expand as well as now that the flood gates are opened you might see some competitors and for all we know one might knock out DKNG. It’s a risk both in an IPO and in a new industry in entirety really.