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Amaya Inc. T.TSGI


Primary Symbol: AYA

The Stars Group Inc is an online and mobile gaming company with poker, gaming, and betting product offerings. These products are offered both, directly and indirectly, under-owned or licensed gaming brands, and the company also owns several live poker tour and events brands. The firm's primary sources of revenue are its online gaming businesses. The company has three segments based on geography: International, United Kingdom, and Australia. Stars Group generates the majority of its revenue...


NDAQ:AYA - Post by User

Comment by yaymakemoneyon Dec 24, 2018 10:38am
101 Views
Post# 29153922

RE:Who would be selling?

RE:Who would be selling?-Muted reaction on Kentucky has clearly raised some red flags. Analyts thought that it would add a minimum of $3 to the share price, but that hasn't happened.
-Ongoing devaluation of the GBP, where Skybet gets the majority of its revenues, is obviously a factor.
-Last quarter was disappointing, so TSG is falling hard with everyone else. There are some tech stocks that did well last quarter and they've only fallen 10-15% from the peak, even with the markets taking a dump. 
-Russia getting pulled is a big deal. No casino there, and now payments are exceedingly hard to process. Don't let the blind fools here make you believe otherwise, this is a significant blow. Russia was a very large market for TSG.
-Macro events are not helping. The markets are finally realizing that the US president is a complete moron and can tank the global economy with a stroke of his pen.
-Still no deal in the US. Competitors are eating their lunch.

The pros that I see are that KY jelly is resolved and insiders are buying. Tha's it. I need to see several quarters of solid earnings and growth before deciding to jump back in.
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