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Posted on 8/10/23 at 8:44 am to call me goat
If I was a board member, I would be calling for the CEO’s head. PENN paid $550mm for Barstool and sold it back for $1 plus future considerations. They are taking an $850mm mark down on the deal. All this for a company with a market cap at $4B.
Penn also just got a downgrade from analyst this morning who doubts they can get the 20% market share that they think they can achieve with the ESPN deal.
Penn also just got a downgrade from analyst this morning who doubts they can get the 20% market share that they think they can achieve with the ESPN deal.
This post was edited on 8/10/23 at 9:08 am
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