DraftKings: Good Growth Prospects, But Overvalued [Seeking Alpha]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Seeking Alpha
Not every successful company needs to have a wide moat, and DKNG can still provide exceptional returns if it meets certain characteristics for hyper-growth companies. The Company meets the criteria of attractive growth prospects and potential profitability, but valuation is prohibitive. DraftKings ( NASDAQ: DKNG ), one of the two largest online sportsbooks in the U.S., operates in a highly competitive industry and doesn't have a truly wide moat. This doesn't mean it can't provide exceptional returns. Let's dive in and understand why. Business Overview DraftKings describes itself as a digital sports entertainment and gaming company. In essence, they do provide entertainment and gaming, but it's not their business. Their business is online betting, primarily sports and fantasy. DraftKings operates online betting platforms under the DraftKings brand, which is the second-largest sportsbook in the U.S., behind FanDuel ( FLUT While the underlying business is quite simple, t
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DKNG
News
- Notable earnings after Thursday's close [Seeking Alpha]Seeking Alpha
- Cincoro Tequila Adds Serena, Jeter, Strahan as Investors [Yahoo! Finance]Yahoo! Finance
- Team Cincoro Unleashed: All- Star Lineup Joins Cincoro Tequila's Journey [Yahoo! Finance]Yahoo! Finance
- Michael Jordan's Cincoro Tequila Adds Celebrities, Goes Global [BNN Bloomberg (Canada)]BNN Bloomberg
- 3 Amazing Internet Stocks That Could Help Set You Up for Life [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 2/15/24 - Beat
DKNG
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- DKNG's page on the SEC website