RE:RE:RE:RE:RE:28+ tomorrowConsidering:
1. This is their first ever “investor day”.
2. Considering that it was an exhaustive, detailed and considered presentation.
3. Considering that there was no “blockbuster” news, but rather a story which will continue at double digit growth for the foreseeable future.
4. Considering they displayed tremendous management depth and understanding of the processes they are needing to engage in, specially as regards to upgrading the Betstars platform through the combined knowledge with SKYBET and BETEASY, moving towards a global platform.
5. Considering how prudent they are being with market spend, rather than just buying market share as the fantasy folks have been doing.
I believe considering all fo these, the drop today is no big deal. The stock will not back into “good light” until they do something that is not expected. It may climb back up slowly, yet I don’t think we see former numbers until they’ve proven they can innovate, beat the competition and grow substantially. While Kentucky total and final resolution may provide some small bump, its the ongoing business case that needs to prove itself. 2019 will be the year for that and I personally believe they are very well positioned, based on today’s presentation. Just one thing though...wish that guy who was on the left of the three in seats would’ve stopped slouching in his chair...