Author: u/n8hckns(Karma: 4912, Created: Feb-2020).
DraftKings: Erecting a Turgid Empire in a Bulging Market - DKNG DD on r/WallStreetBets
PICTURES DETECTED: this DD post is better viewed in it's original post
Edit: meant for my title to say Dick Kings, turgid/bulging, get it? Fuck.
TL;DR - DKNG, thanks to aggressive partnerships, advertising, and market penetration, is the leading player in the growing online sports betting and casino market. Recent legislative progress and brand recognition should result in continued growth.
^(Disclaimer: This is not financial advice, I just like the stock. There's a couple of dick jokes buried in here and I say the word penetrate a lot. I made some of the charts in here myself so please don't shit on me too much for the quality; my crayons were not sharp. Do your own DD.)
Hello again people of WSB,
I'm sure you've seen the ticker DKNG pop across your feed at least once recently, and it's for good reason. Actually, lately it's been for bad reason. Hindenburg published a hit piece on DraftKings that the stock brushed off like it didn't matter, because it didn't. There are a ton of posts about that so we're skipping over that and getting right into the nuts and bolts of this DD - market growth and DraftKings' rigid position as number 1.
^(The statistics used is this are a combination of the US Census, the American Gaming Association, DraftKings Investor Relations, Google-fu, and my own personal confirmation bias as a user of several sports betting apps) ^((no, honey, I don't bet on sports ever I promise.)****)
Basics - Consensus: Growth
https://preview.redd.it/7rd8lk5rg9771.png?width=873&format=png&auto=webp&s=795492d339805913efe9bb71076fdd7c301fed38
DKNG has maintained a strong buy rating for some time now as it continues to grow. Universal buy/hold ratings with 3.5x more buy than hold. Consensus price target of $68 represents a 35% upside from the current price. In the last year the stock has soared above $70 (when I personally believe it got ahead of itself and overextended a bit). However, no one gives a fuck what analysts say. Let's dig into the potential for elongated growth:
Why will DKNG grow? The market is growing. More and more states are legalizing sports betting:
https://preview.redd.it/pyh2j5ovg9771.png?width=1
... keep reading on reddit ➡
“I’ve spent most of this year trapped in what I can only describe as a turgid, supernatural soap opera” - Charles Gunn, Angel, Season 4, episode 16.
Is there a bit of an inside joke here by the writers for how terrible Season 4 is?
DPS and tank creep has done nothing but entrench the blob meta, and most people feigning outrage on /r/eve are completely unaffected by these changes beyond having to plug their faction rat's damage types with c-type hardeners instead of T2.
These changes don't kill small groups or roaming. Small groups and roams never had a chance if your definition is "stand up to the big blocs." If goons or test or panfam come knocking, bend over. You're deluding yourself if you think that Panfam isn't kicking your sandcastle down because your resistances are 20% too high. In most regions of nullsec, having 20% less resistance isn't enabling Goons to curbstomp you. They're gonna curbstomp you because they can field a thousand dudes and you can field 40.
If your filament roam kills something, it's because you did it before TEST responded - and by the way, ratters having less tank means roamers can kill more of them more quickly. Dropping a fax on a fort is nice, but most fort fights these days either involve every batphone either side can muster or are bashing undefended structures. Seriously - all this whining over playstyles that largely don't exist in the way they're being portrayed is hilarious. You're all out here acting like you're lussy lou and these changes cratered your streaming career. First off - he'll be fine. Second off - you aren't him. You and your 6 friends are roaming in kikis looking for ishtars, 3 of you are gonna straggle on gates or in sites and get picked off. The other 3 are gonna say "fuck it" and either feed to a fight they shouldn't take or burn home through 8 regions full of blues cause your filament took you too far and then go play whatever other game is the flavor of the week while they shit it up on comms (I hear bannerlord is busted).
Wanna talk about FAXes? Cool. Let's do it. The problem here isn't that citadels can kill faxes too easily now. It's that citadels are bullshit, period, and only bullshit counters bullshit. Faxes are less bullshit now, so the relative power of bullshit citadels is stronger. Be mad at the right thing. Citadels have a bullshit damage cap, do insane DPS with insane neut pressure to hostile fleets, have 45 timers - all at 2:30am local time to each pilot - and are defended by every bored batphone willing to burn over and sit tethered watching you faff around. Having a single cap booster on your fax doesn't fucking matter in that context.
There are absolutely people impacted by these changes. WHers, as usual,
... keep reading on reddit ➡
