RE:And another oneAs I said in my comment from last week, the Trudeau Liberals are extremely big spenders (and you thought perhaps your ex wife was bad)
At the same time, the Liberals have killed investment in Canada's energy sector to the tune of $150 billion, plus they've got out of control rail blockades going on right across the country that will shave a few percentage points off of GDP (along with corresponding gov't revenue from business income tax), and now they've got a looming crisis with this coronavirus scare.
Something tells me that this federal gov't is desperately looking for a new source of revenue, and expanded sports betting is looking more and more like one of the few feasible alternatives. Even better, nobody in the broader investment community or news media is quite yet talking about this.
This market pullback in the stockprice over the past week is troubling and I've sold some stocks like NTR as they tripped stop losses, however I haven't sold a single share of Score Media. It's in my RRSP, so I can afford to wait, but I have a hunch this stock could double from here, as sure as gov't loves to spend money, and as sure as the Trudeau Liberals desperately need to find some new sources for gov't revenue (as I outlined above).
We shall see!
GLTA