30 days ago • Posted by William Ramstein

Gaming could present a buy the dip opportunity

Gaming subsector is down about 24%. DKNG and PENN are 40% off their recent highs (must like ARKK). Online gaming multiples have contacted about 50% from peak levels. Online gaming companies still command a median 5.4X EV/Sales ratio with DKNG seeing a 2.5X premium on this.

Source: BoA