Wait for the pullback.... BUT..... the Canada Pension Plan Investment Board has taken a 47% 
ownership stake in SportRadar Group AG.
47%!
https://archive.fast-edgar.com/20230214/AWB2362C8M22TZZ2222R2ZZZ2M3QR2S2D252/
SRAD $12.90
Today someone bought 50,000 shares in one block-trade @$12.80
Two smaller trades too, 6K total @ $13.02
It's a thinly traded stock so these purchases are worth noting imo.
Longtime readers of GBA know I found this stock before it went public in early 2021. It turned down a SPAC offer and came to market via normal ipo in the Fall of 2021 around $28 and proceeded straight downhill to a bottom of $8. This is a Swiss based tech company that basically sells the picks and shovels to the sports betting industry. They wrote the book on in-app betting. Lots of big name partners.
https://sportradar.com/?lang=en-us
Do your own DD, I think it will pullback, but the fact that the Canada Pension Plan Investment Board bought almost half of the company is notable. Also note however, it appears they bought in the $9-$10 range. So, they are already up nicely.
Earnings on 3/15
This thing won't move fast, it's more of a buy, hold, and keep up with the story type stock. Ie listen to the CC's etc.
They do make money, and as a software company, those net margins will only get better as more business hits the top line. No debt either. Always a plus.
Again... do your own DD.
ownership stake in SportRadar Group AG. 47%!
https://archive.fast-edgar.com/20230214/AWB2362C8M22TZZ2222R2ZZZ2M3QR2S2D252/
SRAD $12.90
Today someone bought 50,000 shares in one block-trade @$12.80
Two smaller trades too, 6K total @ $13.02
It's a thinly traded stock so these purchases are worth noting imo.
Longtime readers of GBA know I found this stock before it went public in early 2021. It turned down a SPAC offer and came to market via normal ipo in the Fall of 2021 around $28 and proceeded straight downhill to a bottom of $8. This is a Swiss based tech company that basically sells the picks and shovels to the sports betting industry. They wrote the book on in-app betting. Lots of big name partners.
https://sportradar.com/?lang=en-us
Do your own DD, I think it will pullback, but the fact that the Canada Pension Plan Investment Board bought almost half of the company is notable. Also note however, it appears they bought in the $9-$10 range. So, they are already up nicely.
Earnings on 3/15
This thing won't move fast, it's more of a buy, hold, and keep up with the story type stock. Ie listen to the CC's etc.
They do make money, and as a software company, those net margins will only get better as more business hits the top line. No debt either. Always a plus.
Again... do your own DD.
