The climate of economic uncertainty engendered by the coronavirus epidemic has rocked the markets, and as a result many companies are now trading at valuations that make them bargains. However, what is true for many is not true for all, and the global betting, gaming, and entertainment firm Flutter Entertainment (PDYPF) is one such stock that continues to trade at a premium to fair value.
The story of Flutter Entertainment is one of mergers and acquisitions, and partnerships. The Dublin, Ireland-based bookmaker was formed from a merger between the two largest bookmakers in