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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rnam ✧  😊 😞
Number: of 15066 
Subject: Re: Why I sold my entire Berkshire stake
Date: 03/27/2024 12:15 PM
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In my “lottery ticket” account today I bought an online sports betting company Flutter Entertainment which owns Fan Duel. May as well make some money off the punters guaranteed to lose to the house.

It is a UK company which dominates online sports betting along with Draft Kings, but unlike the latter has earnings. It also has international businesses in UK, Europe, Australia etc.

Company will move primary listing in May to US from UK which may be a catalyst.

Stock down 9% today on disappointing guidance of 17% revenue and
EBITDA growth of 30%. Stock trading at PE of 29, maybe a bit rich for some, but a lot more growth than say Apple.

https://seekingalpha.com/news/4083524-flutter-ente...
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