This is a pretty basic business cycle play, folks gamble less when we're in a recession. That combined with DKNG's spending, will have their balance sheets really contracting moving forward. I think over the next year, we could easily see this stock under $10.00
Obviously keep your eye on this as well when the economy begins to recover!
Obviously keep your eye on this as well when the economy begins to recover!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.