Enthusiast Gaming Holdings Inc T.EGLX

Spillover effect of Penn's takeout of TheScore?

[foundalpha]

Although quarterly results will be issued next week, I wonder if today's announcement of the acquisition of TheScore by Penn National Gaming is driving today's price/volume. 

The acquisition is driven by vertical integration of media, gaming, and online betting and I believe this strengthens the business case EGLX is pursuing. And, I certainly don't mind seeing SCR taken out for USD$2 billion on top-line 9-month revenue of CDN$27 million.

[Trendsetter]

EGLX pro forma revs of 127 mill for 2020 110 mill shares outstanding ! SCR 9 months revs 27 mill...50 mill shares outstanding! Do the math we are MASSIVELY UNDERVALUED HERE!

[FarmerInvestor4]

  EGLX Market Cap at $800 Million....  at approx double the revenue per share (compared to SCR) and the SCR valuation in the take over, my math suggests a potential 4x + from here (comparatively) With yesterday's take over bid, I personally think EGLX is worth at least $20 per share  Does anyone else have anything to add to potential valuation? FI4

[RetailInvestor9]

I dont disagree with your comments on valuation in general however there is no comparison between SCR and EGLX.....Imho scr's takeover bid by Penn was not based on its revenues but instead for it's brand and more importantly its subscriber base which I suspect is around 4 mil...how many active subscribers does EGLX have....while I think there is potential upside here but its not to the