Canaccord Genuity - Initiates Coverage with Speculative BuyThe Globe and Mail reports in its Friday edition that Canaccord Genuity analyst Matthew Lee rates Playmaker Capital "speculative buy" in new coverage. The Globe's David Leeder writes that Mr. Lee, currently the lone analyst on the Street covering the stock, set a share target of 60 cents. Mr. Lee says in a note: "Playmaker's overarching strategy involves acquiring sports media assets across North and South America and improving monetization by growing the content portfolio, adding affiliate partnerships with OSB platforms, and driving direct-to-consumer revenues. By acquiring assets across various geographies, the company can maximize the value of its content through internal syndication (sharing content across platforms) while also improving its negotiating leverage with ad buyers and gaming partners. ... We believe PMKR's roll-up strategy positions it to take advantage of the rising tides in on-line sports betting (OSB) as it leverages its growing digital sports content portfolio to deliver engaged audiences to sports betting companies, advertisers, leagues, and teams. ... The company has the ability to drive substantial revenue growth without burning cash on marketing or spending to build a platform."