PBH +18.21%: a strong day for the wagering business with the double benefit of corporate interest and a positive broker note. Broker Goldman Sachs revised their earnings forecasts marginally lower but talked up PointsBet’s outlook including their ability to carve out a portion of the growing US market and increasing long term margins and scale while noting promotional intensity had eased. CNBC were also reporting that PointsBet were in discussions with Yahoo Sports who are looking at merger opportunities with a wagering business.
MM is long PBH in the Emerging Companies Portfolio
Add To Hit List
