LCA brehs. I've seen this concern before... thoughts?
Landcadia Holdings II Is a Billionaire's Bet
That's a horribly written article by someone who doesn't know what the fukk they are talking about. First of all, they are comparing LCA to DraftKings. There is no comparison. LCA's sports gambling business makes up 5-10% of their revenue. They are mostly into iGaming, it's an online casino stock, not a sports gambling stock.
So again the guy who wrote it is a fukking retard. Also, I'm into DKNG also. So what would it even matter I'm making money on both
Now.. on to Tilman Fertitta. Yes, he is a fukking crook. All billionaires are crooks. Yes, he is trying to save some of his restaurants. We all knew that months ago, this article is nothing more than a dumb fukking bear with his head up his ass trying to scare people away by regurgitating points that we already knew.
Me personally, I am well aware of the risks involved with LCA. But I am also aware of the potential that is here.
Now there are some choices to be made. Based on what someone's cost basis is they are going to have a decision to make. Do you want to sell sometime around or after merger and take the profits, do you want to sell some and take some profits and let the rest ride to see how the company plays out in the long term (Michigan and PA are coming into the fold in 2021 as an example where it's going to open up two more streams of revenue) OR do you want to keep all your shares and really try for a grand slam in the future.
I will likely do what I did with SHLL where I'll take some profits (initial investment + some profits) and let the rest ride and see what happens.
for draft kings.
