Did Penn National Gaming Just Tip Off Investors to the Next 10X Stock?

Motley Fool2021-09-16

Penn National Gaming(NASDAQ:PENN)has taken a 7% position in Australian sports betting company, PointsBet Holdings(ASX:PBH)(OTC:PBTH.F), which has some investors wondering if PointsBet could be the ...

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精彩评论

財神發
2021-09-16
財神發
Nice like pl
CharWF
2021-09-16
CharWF
To the moon.
timoomoo
2021-09-16
timoomoo
Huat
BhaskarB
2021-09-16
BhaskarB
Ok
SamYYL
2021-09-16
SamYYL
Like
- 滚股怪:
  Ok
- BhaskarB:
  Ok
Dwino
2021-09-16
Dwino
Good

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The company has been very acquisitive in the space,buying Score Media and Gaming Inc.(NASDAQ:SCR)and taking a positionin Barstool Sports. CEO Jay Snowden is serious about this market.\nBut this latest expansion might offer a clue to investors that there's serious upside in PointsBet, if not Penn, too.\nPenn National Gaming announced its deal to acquire Score Media almost exactly two years after announcing it had added a 9% stake in the company via private placement. Clearly the company liked what it learned over those two years to take the company out in a cash-plus-stock deal valuing the shares at the time of announcement at $34.\nFor investors today, Penn's history with Scorecouldbe instructive. Score's stock traded around $4 at the time Penn's initial investment was announced, implying a nice 750% gain for anybody who bought in at that $4 dollar level – not bad for a two-year investment. So, is PointsBet the next Score Media and Gaming?\nThat's the right question to ask. 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Penn, on the other hand, may be a stock to own longer term for those bullish on sports betting.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":885613919,"gmtCreate":1631784056931,"gmtModify":1631888868456,"author":{"id":"4088201880010570","authorId":"4088201880010570","name":"財神發","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4088201880010570","authorIdStr":"4088201880010570"},"htmlText":"Nice like pl","listText":"Nice like pl","text":"Nice like 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