CG: Doubling Down on DraftKing
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 24 November 2020
⏱️ 27 minutes
🧾️ Download transcript
Summary
Join Motley Fool contributor Asit Sharma and host Emily Flippen as they break down the landscape for DraftKing (DKNG) in the wake of this month’s election in which three states legalized some form of sports betting.
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidful. I'm |
| 0:14.7 | Dylan Lewis. And today we're talking financials. Today we're talking |
| 0:18.2 | consumer goods. Wild-Carp! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:27.8 | Welcome to Industry Focus. Today is Tuesday November 23rd and I'm your host Emily Flippin. Today I am joined by the Motley |
| 0:34.9 | Fool's Osset Sharma to take a look at Draft Kings. This is a company that I know we've talked |
| 0:40.6 | about before, maybe not you and I, Oss Osset but I've definitely talked about draft kings on industry |
| 0:45.3 | focus before but I think this is a company worth revisiting in the |
| 0:49.3 | wake of this month's election as well as some recent earnings news from this company. |
| 0:54.0 | So thank you for joining today and I'm excited to chat. |
| 0:57.0 | Yeah, me too. |
| 0:58.0 | I'm excited to chat about Draft Kings. |
| 1:01.0 | As you said, it's really interesting. A lot of potential here in this story has had a few bumps, but now it is, since it's IPO, a really viable company. And we're also going to talk the earnings I understand |
| 1:15.8 | after getting through some introductory looks at this company which I know you're |
| 1:20.0 | excited to do. I am and calling it bumpy is being pretty generous here for anybody |
| 1:25.8 | who's not familiar with Draft Kings. They actually made a splashy IPO earlier |
| 1:30.8 | this year and despite being a really well-known sports entertainment |
| 1:34.8 | company it actually had a lot of what I would call yellow flags and its |
| 1:39.6 | filings they had issues like going concern a ton of related party transactions |
| 1:44.8 | stiff competition and obviously evolving regulations for sports betting were |
| 1:50.6 | just a few of the issues that investors pointed out when sifting through this S1. |
| 1:55.0 | But at the same time, and I can't speak for everyone, but I can speak for myself. |
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