Media Update, page-197

it’s all a matter of opinion which is why it is so hard to put a value on PBH. I personally believe they are undervalued given the level of opportunity and huge growth in such a short time frame. Their revenue growth was impressive last quarter when there was almost no US sports played. Management has simply not put a foot wrong since listing. Even during the global sports shutdown they released positive pressers saying they fully supported they shutdown, safety comes first and they have Flexibility with their marketing spend during the time. No matter what business you are in quality management is paramount and I couldn’t be more impressed with PBH. Draftkings is the big fish in this field with a market cap of $16B (has been much higher) and revenue of $500m at present. They have a deal with ESPN. PBH a deal with NBC.