$GENI $GENI trades at 1.9x 2022 revenue. Meanwhile, both $DKNG and $SRAD trade at 3.85x. That discount is unwarranted and only exists because people don’t review the company’s presentation which lists all of the massive non-cash charges they have to take per accounting rules. The gap will close. I believe $GENI will eventually trade at a premium to $SRAD as 1) it will grow faster and 2) doesn’t do business with illegal sports books. Our fair value is $7, today!
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