Why DraftKings Stock Is Worth Watching After a Big Drop_老虎社区_美港股上老虎

Why DraftKings Stock Is Worth Watching After a Big Drop

InvestorPlace2021-12-10

When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...

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Bull1973
·2021-12-13
Ok
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- ocean_wave:
  Ok
  2021-12-13
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XIN90
·2021-12-11
Still the market leader !
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Jazim
·2021-12-11
Yes
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- Gablcm:
  Right
  2021-12-11
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Aoyjai
·2021-12-11
Just watch, pull the trigger and it will cost you.
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Annalz
·2021-12-10
Yeah!
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- Bull1973:
  ☀️ok
  2021-12-13
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dahae
·2021-12-10
Qqqqqq
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- cuteypie:
  OK
  2021-12-10
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- dahae:
  Qqqq
  2021-12-10
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Nivlek
·2021-12-10
Big drop hard rebound.
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4
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- 1521yes:
  ok
  2021-12-10
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How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">网页链接</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DKNG","symbol_name":"DraftKings Inc.","start_time":0,"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","article_id":"1121956095","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","pubTimestamp":1639146050,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"License delays plague shares","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DKNG":"DraftKings Inc."},"translate_title":"为什么DraftKings的股票在大幅下跌后值得关注","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":0.9},"content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","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":604337411,"gmtCreate":1639347959424,"gmtModify":1639347959762,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584680402793671","authorIdStr":"3584680402793671"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604337411","repostId":1121956095,"repostType":4,"repost":{"id":"1121956095","kind":"news","pubTimestamp":1639146050,"share":"https://www.laohu8.com/m/news/1121956095?lang=&edition=full","pubTime":"2021-12-10 22:20","market":"us","language":"en","title":"Why DraftKings Stock Is Worth Watching After a Big Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","media":"InvestorPlace","summary":"License delays plague shares","content":"When famed short-seller Jim Chanos disclosed a short position on&nbsp;DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are&nbsp;Chanos’s calls that valuations&nbsp;on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He&nbsp;bet for years against&nbsp;Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report&nbsp;said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a&nbsp;debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and&nbsp;FanDuel&nbsp;already applied for gaming licenses on March 11, 2020. Those&nbsp;applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted&nbsp;revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its&nbsp;$22 billion deal&nbsp;to buy&nbsp;Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In&nbsp;New Jersey, Pennsylvania, and Indiana,&nbsp;the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash&nbsp;database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from&nbsp;$34 to as high as $105. On&nbsp;Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121956095","content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6955476,"gmtCreate":1639351398868,"gmtModify":1639351398963,"authorId":3578971018458145,"author":{"id":3578971018458145,"idStr":"3578971018458145","authorId":3578971018458145,"name":"ocean_wave","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604337411,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":605477339,"gmtCreate":1639235965267,"gmtModify":1639235965571,"author":{"id":"3575421183576572","authorId":"3575421183576572","name":"XIN90","avatar":"https://static.tigerbbs.com/a03ad25cd0afaee9bf2e99b32ad14452","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575421183576572","authorIdStr":"3575421183576572"},"htmlText":"Still the market leader !","listText":"Still the market leader !","text":"Still the market leader !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605477339","repostId":1121956095,"repostType":4,"repost":{"id":"1121956095","kind":"news","pubTimestamp":1639146050,"share":"https://www.laohu8.com/m/news/1121956095?lang=&edition=full","pubTime":"2021-12-10 22:20","market":"us","language":"en","title":"Why DraftKings Stock Is Worth Watching After a Big Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","media":"InvestorPlace","summary":"License delays plague shares","content":"When famed short-seller Jim Chanos disclosed a short position on&nbsp;DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are&nbsp;Chanos’s calls that valuations&nbsp;on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He&nbsp;bet for years against&nbsp;Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report&nbsp;said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a&nbsp;debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and&nbsp;FanDuel&nbsp;already applied for gaming licenses on March 11, 2020. Those&nbsp;applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted&nbsp;revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its&nbsp;$22 billion deal&nbsp;to buy&nbsp;Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In&nbsp;New Jersey, Pennsylvania, and Indiana,&nbsp;the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash&nbsp;database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from&nbsp;$34 to as high as $105. On&nbsp;Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121956095","content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605507964,"gmtCreate":1639187030767,"gmtModify":1639187031049,"author":{"id":"4091925166419540","authorId":"4091925166419540","name":"Jazim","avatar":"https://static.tigerbbs.com/85de7ecb80758afc3288fc8bb7e5ef27","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4091925166419540","authorIdStr":"4091925166419540"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605507964","repostId":1121956095,"repostType":4,"repost":{"id":"1121956095","kind":"news","pubTimestamp":1639146050,"share":"https://www.laohu8.com/m/news/1121956095?lang=&edition=full","pubTime":"2021-12-10 22:20","market":"us","language":"en","title":"Why DraftKings Stock Is Worth Watching After a Big Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","media":"InvestorPlace","summary":"License delays plague shares","content":"When famed short-seller Jim Chanos disclosed a short position on&nbsp;DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are&nbsp;Chanos’s calls that valuations&nbsp;on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He&nbsp;bet for years against&nbsp;Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report&nbsp;said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a&nbsp;debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and&nbsp;FanDuel&nbsp;already applied for gaming licenses on March 11, 2020. Those&nbsp;applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted&nbsp;revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its&nbsp;$22 billion deal&nbsp;to buy&nbsp;Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In&nbsp;New Jersey, Pennsylvania, and Indiana,&nbsp;the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash&nbsp;database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from&nbsp;$34 to as high as $105. On&nbsp;Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121956095","content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6935843,"gmtCreate":1639188121866,"gmtModify":1639188122023,"authorId":3575234021908444,"author":{"id":3575234021908444,"idStr":"3575234021908444","authorId":3575234021908444,"name":"Gablcm","avatar":"https://static.tigerbbs.com/c74534439efb63d24fa3da74d69426cb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605507964,"type":1,"supId":0,"prevId":0,"content":"Right ","text":"Right ","html":"Right "}],"langContent":"CN"},{"id":605293423,"gmtCreate":1639177764103,"gmtModify":1639177764663,"author":{"id":"3578371382142637","authorId":"3578371382142637","name":"Aoyjai","avatar":"https://static.tigerbbs.com/9dcf5c34602d2433f3133ca6c6fece6a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578371382142637","authorIdStr":"3578371382142637"},"htmlText":"Just watch, pull the trigger and it will cost you.","listText":"Just watch, pull the trigger and it will cost you.","text":"Just watch, pull the trigger and it will cost you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605293423","repostId":1121956095,"repostType":4,"repost":{"id":"1121956095","kind":"news","pubTimestamp":1639146050,"share":"https://www.laohu8.com/m/news/1121956095?lang=&edition=full","pubTime":"2021-12-10 22:20","market":"us","language":"en","title":"Why DraftKings Stock Is Worth Watching After a Big Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","media":"InvestorPlace","summary":"License delays plague shares","content":"When famed short-seller Jim Chanos disclosed a short position on&nbsp;DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are&nbsp;Chanos’s calls that valuations&nbsp;on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He&nbsp;bet for years against&nbsp;Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report&nbsp;said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a&nbsp;debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and&nbsp;FanDuel&nbsp;already applied for gaming licenses on March 11, 2020. Those&nbsp;applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted&nbsp;revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its&nbsp;$22 billion deal&nbsp;to buy&nbsp;Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In&nbsp;New Jersey, Pennsylvania, and Indiana,&nbsp;the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash&nbsp;database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from&nbsp;$34 to as high as $105. On&nbsp;Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121956095","content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605616103,"gmtCreate":1639151380715,"gmtModify":1639151381153,"author":{"id":"3577089953267281","authorId":"3577089953267281","name":"Annalz","avatar":"https://static.tigerbbs.com/ffd285ab6189bb61da4b48c3e149eedc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577089953267281","authorIdStr":"3577089953267281"},"htmlText":"Yeah!&nbsp;","listText":"Yeah!&nbsp;","text":"Yeah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605616103","repostId":1121956095,"repostType":4,"repost":{"id":"1121956095","kind":"news","pubTimestamp":1639146050,"share":"https://www.laohu8.com/m/news/1121956095?lang=&edition=full","pubTime":"2021-12-10 22:20","market":"us","language":"en","title":"Why DraftKings Stock Is Worth Watching After a Big Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","media":"InvestorPlace","summary":"License delays plague shares","content":"When famed short-seller Jim Chanos disclosed a short position on&nbsp;DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are&nbsp;Chanos’s calls that valuations&nbsp;on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He&nbsp;bet for years against&nbsp;Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report&nbsp;said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a&nbsp;debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and&nbsp;FanDuel&nbsp;already applied for gaming licenses on March 11, 2020. Those&nbsp;applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted&nbsp;revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its&nbsp;$22 billion deal&nbsp;to buy&nbsp;Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In&nbsp;New Jersey, Pennsylvania, and Indiana,&nbsp;the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash&nbsp;database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from&nbsp;$34 to as high as $105. On&nbsp;Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121956095","content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6954504,"gmtCreate":1639347973105,"gmtModify":1639347973204,"authorId":3584680402793671,"author":{"id":3584680402793671,"idStr":"3584680402793671","authorId":3584680402793671,"name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605616103,"type":1,"supId":0,"prevId":0,"content":"☀️ok","text":"☀️ok","html":"☀️ok"}],"langContent":"CN"},{"id":605635025,"gmtCreate":1639150705771,"gmtModify":1639150705967,"author":{"id":"3560092322694803","authorId":"3560092322694803","name":"dahae","avatar":"https://static.tigerbbs.com/137beae1f6048901843924ba46796740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3560092322694803","authorIdStr":"3560092322694803"},"htmlText":"Qqqqqq","listText":"Qqqqqq","text":"Qqqqqq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605635025","repostId":1121956095,"repostType":4,"repost":{"id":"1121956095","kind":"news","pubTimestamp":1639146050,"share":"https://www.laohu8.com/m/news/1121956095?lang=&edition=full","pubTime":"2021-12-10 22:20","market":"us","language":"en","title":"Why DraftKings Stock Is Worth Watching After a Big Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","media":"InvestorPlace","summary":"License delays plague shares","content":"When famed short-seller Jim Chanos disclosed a short position on&nbsp;DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are&nbsp;Chanos’s calls that valuations&nbsp;on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He&nbsp;bet for years against&nbsp;Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report&nbsp;said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a&nbsp;debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and&nbsp;FanDuel&nbsp;already applied for gaming licenses on March 11, 2020. Those&nbsp;applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted&nbsp;revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its&nbsp;$22 billion deal&nbsp;to buy&nbsp;Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In&nbsp;New Jersey, Pennsylvania, and Indiana,&nbsp;the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash&nbsp;database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from&nbsp;$34 to as high as $105. On&nbsp;Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121956095","content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6930292,"gmtCreate":1639150882644,"gmtModify":1639150882678,"authorId":3546519093286207,"author":{"id":3546519093286207,"idStr":"3546519093286207","authorId":3546519093286207,"name":"cuteypie","avatar":"https://static.tigerbbs.com/324f57345522368552a82de3cf71ed5f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605635025,"type":1,"supId":0,"prevId":0,"content":"OK","text":"OK","html":"OK"},{"id":6930270,"gmtCreate":1639150711102,"gmtModify":1639150711199,"authorId":3560092322694803,"author":{"id":3560092322694803,"idStr":"3560092322694803","authorId":3560092322694803,"name":"dahae","avatar":"https://static.tigerbbs.com/137beae1f6048901843924ba46796740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605635025,"type":1,"supId":0,"prevId":0,"content":"Qqqq","text":"Qqqq","html":"Qqqq"}],"langContent":"CN"},{"id":605864518,"gmtCreate":1639146193106,"gmtModify":1639146193417,"author":{"id":"3574990000560529","authorId":"3574990000560529","name":"Nivlek","avatar":"https://static.tigerbbs.com/d41f4149425ab3638407f5a060aa3b14","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3574990000560529","authorIdStr":"3574990000560529"},"htmlText":"Big drop hard rebound.","listText":"Big drop hard rebound.","text":"Big drop hard rebound.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605864518","repostId":1121956095,"repostType":4,"repost":{"id":"1121956095","kind":"news","pubTimestamp":1639146050,"share":"https://www.laohu8.com/m/news/1121956095?lang=&edition=full","pubTime":"2021-12-10 22:20","market":"us","language":"en","title":"Why DraftKings Stock Is Worth Watching After a Big Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=1121956095","media":"InvestorPlace","summary":"License delays plague shares","content":"When famed short-seller Jim Chanos disclosed a short position on&nbsp;DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are&nbsp;Chanos’s calls that valuations&nbsp;on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He&nbsp;bet for years against&nbsp;Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report&nbsp;said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a&nbsp;debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and&nbsp;FanDuel&nbsp;already applied for gaming licenses on March 11, 2020. Those&nbsp;applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted&nbsp;revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its&nbsp;$22 billion deal&nbsp;to buy&nbsp;Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In&nbsp;New Jersey, Pennsylvania, and Indiana,&nbsp;the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash&nbsp;database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from&nbsp;$34 to as high as $105. On&nbsp;Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why DraftKings Stock Is Worth Watching After a Big Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy DraftKings Stock Is Worth Watching After a Big Drop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nWhen famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on ...\n\n<a href=\"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://investorplace.com/2021/12/why-draftkings-stock-is-worth-watching-after-a-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121956095","content_text":"When famed short-seller Jim Chanos disclosed a short position on DraftKings(NASDAQ:DKNG), the stock fell from $35 to $28.37 at the end of last week. How valid are Chanos’s calls that valuations on DKNG stock and others justify a short call?\nExcessive valuations alone are not a good enough reason to bet against a company. Investors can only guess if Chanos’ overvaluation bet will pay off. He bet for years against Tesla(NASDAQ:TSLA) did not pan out. Shareholders need to re-evaluate the growth prospects of online sports betting and DraftKings’ position in the market.\nGambling Legalization Matters for DKNG Stock\nLegal Sports Report said afederal court decisionwill cease sports betting in Florida. This ruling adds uncertainty to DraftKings in the near term. Investors are skittish in holding DKNG stock because of its valuation. At over 20 times sales, five times book, and a debt/equity of 0.68 times, the company’s growth prospects cannot weaken. Court rulings that slow sports betting legalization will delay DraftKings’ business momentum in 2022.\nIn Nevada, DraftKings and FanDuel already applied for gaming licenses on March 11, 2020. Those applications are still pending. The more delays it faces, the more shareholders realize the company will not post strong growth in the short term.\nModest Third-Quarter Results\nIn the third quarter, DraftKings posted revenue growing by 60%. Its monthly unique payers (MUPs) grew by 31%. Monthly unique paying customers averaged 1.3 million. The company benefited from strong unique payer retention. It added users through its iGaming and Sportsbook products. Its expansion of both products also lifted MUPs.\nDraftKings increased its Average Revenue per MUP (ARPMUP) to $47, up by 38% from last year.\nThe company raised the midpoint of its revenue guidance to $1.26 billion. This reflects new state launches and its proven ability to add users and keep them engaged. Despite the strong outlook, DKNG shares slipped in November, losing around 40% of their value.\nOpportunity\nOn Nov. 1, DraftKings ended its $22 billion deal to buy Entain. Its decision not to proceed is a positive development for shareholders. The firm would have paid a premium to grab a company with a solid record of accomplishment of growth. This comes at an expensive price target.\nDraftKings may focus on lowering its cost of revenue and spending effectively on sales and marketing in 2022. Competition for acquiring customers will heat up. As long as it stays ahead by growing faster than the market average, investors will hold the stock for the long term. In New Jersey, Pennsylvania, and Indiana, the firm sustained its lead. It did not benefit from a Daily Fantasy Sports for Cash database on those states.\nDraftKings is depending on getting licenses in states like New York to reach profitability. It will adjust its marketing efforts depending on when a state rewards it a license. Its business model targets a path to profitability in two or three years. When the company posts quarterly results, investors must watch the gross margin levels.\nGrowth\nBesides an initial lift in the first 30 days of launching in Wyoming and Arizona, DraftKings has product innovations to drive growth. For example, Rocket (on slide 4) and NFL Flash Bet will lift their gross margins. The company is in the early phases of growing DraftKings Marketplace. It launched the marketplace on Aug. 11 and posted over $20 million of gross merchandise volume in the third quarter.\nThe company has the flexibility to adjust its product mix to increase new customer acquisition rates. It demonstrated good customer retention. This allows DraftKings to cross-sell Autograph from the marketplace to existing customers.\nFair Value and Your Takeaway\nOn Wall Street, analysts have a price target that ranges from $34 to as high as $105. On Stock Rover, a stock scoring service, DKNG shares have weak grades. The stock suffers from a poor valuation and quality score.\nThe value score will rise should the stock continue to dip further. Investors are no longer paying as big a premium for DraftKing winning online sports betting licenses.\nMarkets started to shy away from sports gambling stocks a few months ago. DraftKings is the leader in the space.FuboTV(NYSE:FUBO) may look cheaper as it trades at a smaller market capitalization. Investors should stick with companies with a strong brand name and an aggressive growth strategy.\nDraftKings is a stock that growth investors should consider from here. Have a timeframe of at least three or more years for holding the stock. The sector faces increasing volatility but it has a bright future.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6928919,"gmtCreate":1639146774604,"gmtModify":1639146774636,"authorId":3575273204402761,"author":{"id":3575273204402761,"idStr":"3575273204402761","authorId":3575273204402761,"name":"1521yes","avatar":"https://static.tigerbbs.com/5c7c5c91dad8a3479b64a59aca3d3845","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605864518,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":89,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}