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So $PENN got downgraded again…
…and I’m worried that I’m starting to agree. My case below lays out an aggressive expansion plan, but that’s predicated on them, well, actually expanding. And they live and die on the reputation of a lightning rod possibly more extreme than $TSLA’s: Dave Portnoy. I just don’t know about this one anymore https://www.makingamillennialmillionaire.com/post/casino-s-sports-books-and-portnoy-a-dig-into-penn-national-gaming
Making a Millionaire
Penn National Gaming Stock - Casino's, Sports Books and Portnoy
Betting on Betting with Penn National GamingWith respect to baseball, the doldrums of the summer sports drought are nearly over. College football is back this week, NFL is back next week, and European soccer is in the full swing. And what comes with the Fall sports season, other than constant drinking and yelling about if Patrick Mahomes could take Lamar Jackson in a fight? Betting on those sports! Now, thanks to the ubiquity of smartphones and mobile apps, you no longer have to go to your frien
One of my biggest concerns about $PENN is the nature of the gambling industry. Gambling sites are competing on price (lines). As gambling has been digitized it makes it easier for gamblers to shop lines, thus, compressing margins. Penn has a better shot at differentiating itself due to barstool but it still seems like it would be tough to pull off given the ease to change apps.
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