Do simple math to see how funny this is right nowTotal outstanding shares is about $280 million. Price on the US side right now is $16.81. $280Mx16.89 = $4.7 Billion. Stars Group paid about $4.7 Billion to buy Sky Betting & Gaming.
So are you telling me that the total value of this company right now is EQUAL to what it paid for SKY?
Sky portion of the recent quarterly earnings was about 30-40% of total earnings. And we have the HUGE sleeper of US sports betting still in its infancy - potentially worth more in 1-2 years than what the company is worth in total right now. HELLO! did you wake up? LOL So does that mean the whole company TODAY is worth less than what it paid for SKY?
Seems like a cheap valuation at the moment – but that’s the madness of the whole thing - how much shorts are really in control right now! Shorts are so much in the driver seat right now that even simple math doesn’t make sense anymore! Anyways that may be a good thing for those loading up...
BTW If anyone has $4.5 billion right now, just buy all of the shares and be 100% owner of the Stars Group! Pay less than what the company itself paid for SKY! TSGI is officially on sale!!!! Buy the whole company in the click of a button and all shorts will magically disappear never to be heard from again lol... Do we have any billionnaires around here who WANT to make a quick buck? Just a comical interlude for a monday morning ...