RE:Long time reader: First postThere will be people who can't handle the roller coaster and will get out at these levels in search of other opportunities that are either more stable or in which they believe there is greater short term money to be made. And then there are the large funds and other long term holders who are just going to hold onto this thing until over $100US is in range. The company has really made FIRST CLASS moves and won key legal battles at the same time. Let's compare to other gaming company moves in the past year:
GVC has been mired in integration issues of its recent purchases and is bleeding at partypoker to gain the market share it has recently won.
PADDYPOWER has bought FanDuel, which is a smart buy, yet now looks pale as a sports brand vs FOXBET.
WH has won some early territorial advantages, yet they have little cross-sell ability, which hampers the use acquisition to just one channel.
DraftKings is kind of out there as an island and I have to wonder if they can't be bought for cheap in a year or two?
So one has to say that Stars has done the best job of acquiring partners and companies amongst its peers and this is a testament to the execution focus of Rafi and the C suite.