- Penn National Gaming is a casino operator with plans to expand in sports betting.
- They're best known for their stake in Barstool Sports, the popular sports website founded by Dave Portnoy.
- Advertising is expensive, but publicity from doing crazy stuff is free, giving Barstool a much lower cost of acquiring customers than competitors like DraftKings and Fanduel.
- PENN stock skyrocketed after the pandemic, then sharply corrected. We'll look at valuations and prospects. They make most of their money from their casinos. Sports betting is simply a kicker at this point.
- PENN's capital stack shows a lot of cooks in the kitchen and a shaky credit rating, but some upside potential.
For further details see:
Is Penn National Gaming Stock A Buy As Sports Betting Volume Increases?