12/23/24 - $evvty - Buying $75 small size on dadip
12/23/24 :: VROCKSTAR :: 
EVVTY
Buying $75 small size on dadip
- solution (software) provider to casinos of all types. IRL, digital
- 80% GM business - like
- 70% EBITDA business - like
- nearly 10% FCF yields - like
- growing top line in teens - like
- some bonky headlines (as is par for the gaming course) today driving -8% move in illiquid tape nevermind it's not primary ticker doesn't help
- will put this in my top 3 gaming plays, including
GAMB (smaller), 
MYPS (which has worked, only tiny position now)... EVVTY is larger co.
- buys back 5% of enterprise value of stock. you don't think they'll continue doing so with such healthy cash gen, anon?
- i'm going 50 bps here b/c it's a new one for me (though i've heard of it but never took the 5' to look).
- thanks d'tradesup for the DM
merry christmas fam
V
EVVTYBuying $75 small size on dadip
- solution (software) provider to casinos of all types. IRL, digital
- 80% GM business - like
- 70% EBITDA business - like
- nearly 10% FCF yields - like
- growing top line in teens - like
- some bonky headlines (as is par for the gaming course) today driving -8% move in illiquid tape nevermind it's not primary ticker doesn't help
- will put this in my top 3 gaming plays, including
GAMB (smaller), MYPS (which has worked, only tiny position now)... EVVTY is larger co.- buys back 5% of enterprise value of stock. you don't think they'll continue doing so with such healthy cash gen, anon?
- i'm going 50 bps here b/c it's a new one for me (though i've heard of it but never took the 5' to look).
- thanks d'tradesup for the DM
merry christmas fam
V
Trade active
happy to see this thing down again returning to the *scene of the crime* lolz. have taken this to a 1.5% position now that i've had more time to digest. here are some thoughts i shared w/ a friend today. thanks D again for the call out on this one. no investment has absolute upside, but i like the R/R on the dippity do dah today to size up and start making this more relevant in the '25 book.
great growth, mgns, cash generation. weird sector (gambling) with always headline risk (hence why we're trading here), but it's the nvda of the industry (the infra/ software tools underpinning the names you see advertised). not going to be disrupted by AI so to speak, like perhaps other B2B/ B2C stuff that is affecting conversations/ multiples in '25.
also the fact that it's not "US" main listed ticker means degens can't own call options on this thing, and int'l stocks are getting particularly hurt by higher 10Y rates in the US/ strong USD (even tho this biz is not really affected by that), but it sits inside portfolios that are seeing that being a big factor, so it's more of a passive selling IMHO keeping it here for now. but similar to
NXT, it's a beachball/ stellar name inside of a mediocre bucket and will just be a matter of time to be back up 30-50% this year is my guess.
what's your take, anon?
V
Note
LOADING. on the 8% drop. will investigate over the day, but have done enough work that i don't mind double my size here... up to 4%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.