Sportradar Is The Best Play On The Adoption Of Sports Betting

Jan. 11, 2022 3:46 PM ETSportradar Group AG (SRAD)12 Comments
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Summary

  • Sportradar is looking to monetize the sports betting industry by supplying data and other value-added solutions.
  • The company has a very attractive business model and an excellent financial profile which should get even better with scale.
  • I’m a buyer of Sportradar stock as I expect it to quickly grow into its undemanding valuation.

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Investment Thesis

Sportradar Group (NASDAQ:SRAD) is, in my opinion, the best way to play the adoption of sports betting. The company has years of rapid growth ahead and a very favorable business model with high revenue visibility and

Sportradar forward multiples

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This article was written by

Rogue Trader profile picture
1.56K Followers
Ex HF portfolio manager, Ex management consultant. Now I manage my own money and focus on anything that can create alpha. I will write on any idea I have and lay out my thesis and analysis openly to get feedback from and discuss with the SA community.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SRAD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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