Kentucky Effect discussionMuch has been made by North Korea that my predicted bump from the ruling did not materialize. To be sure we have our facts straight, TSG was near $20CAD in mid December. It grew to $25 on the day of news, and is now waffling between $23-24. A number of regulatory setbacks from UK, Italy, and now the DOJ ruling have muted excitement, despite a record tourney which while is a great market of marketing success, does not bring much cash into their coffers.
The stock market is a very "nervous" period. Stocks that might otherwise have garnered attention are currently not being bought because of perceived risks that have little to do with performance, but rather are "macro" in nature. Although I do believe that Stars could do what GVC does with an annual update prior to official release, yet it is still not their nature.
Let us hope that PA gets going soon, and that we get a guidance update for 2019.