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Emerging Stocks Down Under 12 July 2022: PointsBet (ASX:PBH)
PointsBet (ASX:PBH): A once in a lifetime growth opportunity
Despite being ‘the land of the free’, the USA has been slower than Australia to legalise sports betting. PointsBet (ASX: PBH) is one of a handful of companies seeking to capitalise on this and it has an established business in Australia. After listing at $2 a share in mid-2019, shares went up to nearly $18, but have since retreated to $2.58 today. We accept that the company is not yet profitable. However, we still think the market is a once in a lifetime opportunity that is still being unlocked and PointsBet is well placed to capitalise on it.
Click here to read the previous edition of Emerging Stocks Down Under published 5 July 2022
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