DraftKings: A Strong Buy On Sticky Monetization Trends

Darren McCollester/Getty Images Entertainment A few years ago, DraftKings Inc. (NASDAQ:DKNG) was, in our view, and to put it mildly, an expensive-looking train wreck. After going public via SPAC in 2020, DKNG quickly became one of the cohorts of stocks that was clocking very high revenue growth, and thus trading in the 'speculative basket', which included names from other 'high-growth' sectors like cannabis (Canopy Growth Corporation (CGC), Tilray Brands, Inc. (TLRY)), 3D printing (Desktop Metal, Inc. (DM), ...