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 FanDuel, has long been viewed as an effective duopoly, using aggressive signup bonuses to build a...
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