Quarterly earnings writeup for DraftKings (DKNG)
Paid subscribers to Jonah’s Growth Stock Deep Dives receive ~2 deep dives per month (8,000+ words), ~2 mini deep dives per month (2,000+ words) and quarterly earnings commentary (on all of my portfolio companies) plus access to my investment portfolio spreadsheet (up +121% YTD in 2024, up +134% in 2023 and up +2,250% since January 2020) with all positions, hedges and swing trades plus real-time activity, notes/commentary and charts throughout the day.
My investment strategy is pretty simple. I want to own 20-30 high-quality growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling I will trim or sell my position. I want to own stocks that have at least 50% upside within the next 1-2 years and at least 100% upside within the next 3-4 years. If I buy stocks that are too expensive, the fundamentals aren’t good enough or my investment thesis is flawed — then I’ll never hit my investment targets. My objective is to maximize performance in good markets and minimize losses in bad markets. I accomplish this by being very selective in what I own but also using technical analysis, stop losses and hedges to protect my portfolio in market downturns.
DKNG Q1 earnings report: https://draftkings.gcs-web.com/news-releases/news-release-details/draftkings-reports-first-quarter-revenue-growth-53-1175-million
DKNG Q1 shareholder letter: https://draftkings.gcs-web.com/static-files/50e06584-89b6-4289-b740-12bc53ddbe49
DKNG Q1 earnings presentation: https://draftkings.gcs-web.com/static-files/9788ef11-5dd4-4b56-8dd3-1499b4d0a36e
DKNG Q1 earnings webcast: https://edge.media-server.com/mmc/p/trxsjnc6/
DKNG Q1 earnings webcast & transcript: https://seekingalpha.com/article/4689091-draftkings-inc-dkng-q1-2023-earnings-call-transcript