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home / news releases / draftkings bullish takes problematical either wait f

MGM - DraftKings: Bullish Takes Problematical Either Wait For A Deal Or Sell

MGM Resorts International
  • The idea that DraftKings stock has fallen so far that the downside risk is minimal compared with the possible upside: a flawed notion.
  • DKNG's cash pile continues to burn at ferocious rate. It could be ashes by 2023 and force the company to borrow heavily at high costs.
  • DKNG's seeing big gains from new legalizations not necessarily the case. Addressable population numbers are far too optimistic.

For further details see:

DraftKings: Bullish Takes Problematical, Either Wait For A Deal Or Sell
Stock Information
Company Name: MGM Resorts International
Stock Symbol: MGM
Market: NYSE
Website: mgmresorts.com
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