written by reader Gan vs rush street, which is the better long-term buy?

By anto55555, November 27, 2020

I currently hold shares in gan and plan to see the growth through the bad times. However, many people say rush street is the better long-term buy. Which is the better long-term hold and grow stock and can they grow in tandem together in the same portfolio?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 Comment
Inline Feedbacks
View all comments
Travis Johnson, Stock Gumshoe
November 30, 2020 10:03 am

Rush Street is likely to be bigger and a little cheaper at this point, given what we know from the initial SPAC disclosures. Haven’t dug into the business in any detail yet, personally. Rush Street is building consumer-facing brands, it appears, not just providing the back-office technology like GAN is, so if that’s the case then their costs should be meaningfully higher in competing with the marketing budgets of DraftKings, FanDuel and the other casino operators. They just raised their guidance for the year, so expect $270 million in revenue now, which is big growth from last year. I have not looked through the SPAC filings, but from some initial articles I saw that is likely to mean they’re valued at something like 8-10X revenues, a little cheaper than GAN and dramatically cheaper than DraftKings.

If folks are interested in researching, Rush Street is going public through a merger with dMY Tech, a SPAC with ticker DMYT.

Add a Topic
10151
Add a Topic
6304
👍 16642

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info