- Bally's Corporation deal with Sinclair became active today with the rebranding of the former Fox Regional Sports Networks.
- Initial financial estimates show the deal should be a substantial positive to Bally's under just about any projection.
- However, the surge in the stock, up 120% since the deal was announced, means a lot of this may already be priced in.
- Risks and rewards appear fairly evenly balanced at this level. I rate Bally's a Hold at this time, so I won't be opening a position.
For further details see:
Bally's Corporation: New Growth Catalysts Are Real, But Already Priced In