DKNG - DraftKings May Be The Next GW Pharmaceuticals
- For all practical purposes, DraftKings and GW Pharmaceuticals look like two identical companies.
- Both companies are first movers in an industry offering addictive products. The legality (sales) of their products is dictated by the same legislative timetable, and neither company made money yet.
- It was not a coincidence that, for the first year trading in 2020, DKNG has literally moved just like GWPH in its first year trading, back 7 years ago.
- History is only interesting when history repeats itself. 7 years after its IPO, GWPH was taken out with a 50% premium. Its loyal shareholders have made over 1200%.
- DKNG investors may repeat the same history.
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DraftKings May Be The Next GW Pharmaceuticals