Quote:
Originally Posted by fmhealth
While I gave up betting the horses awhile ago. I'm very interested in these two companies. With both of them making a money grab here in the great Southwest. I've been building positions in both.
A tremendous amount of advertising dollars are being spent on winning a majority market share of new players. I can't discern a significant value-proposition between these two rivals. Any material insights would be greatly appreciated. Thanks so much!
Be Well,
fmhealth
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This should probably have been put onto the financial markets thread. DKNG from an investment standpoint would appear to be the easier company to trade as it usually trades in the 10 million-plus shares per day. PDYPY(Flutter entertainment) is based in Ireland and is an over-the-counter stock that traded 7100 shares on Friday, usually under 25K on average. These lightly traded PLCs can be difficult to get out of in a hurry, if the need arises, especially at $80-100 per share.
Draftkings had an Aug 30 deadline to join a class-action lawsuit against them from disgruntled gamblers, but that deadline hasn't hurt them from looking at the charts.
Draftkings is rated by several analysts and most have them a strong buy or moderate buy at $60. It's interesting that they tried to merge with Fanduel a couple of years ago, but it was blocked. That may be the best rating that FanDuel could receive.
