We came across a bearish thesis on DraftKings Inc. on The Bear Cave’s Substack by Edwin Dorsey. In this article, we will summarize the bulls’ thesis on DKNG. DraftKings Inc.’s share was trading at $42.32 as of September 26th. DKNG’s forward P/E was 19.42 according to Yahoo Finance.
DraftKings (NASDAQ: DKNG — $21.2 billion) is a leading provider of real-money gaming, offering sports betting, fantasy sports leagues, lotteries, and online casino games. The company, together with...
