Opinions
David Driscoll
Paddy Power Betfair PLC.
PDYPK-PK
TOP PICK
Apr 04, 2016
N/A
Stock price when the opinion was issued
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PAST TOP PICK
(A Top Pick April 4/16. Down 17%.) This is the benefit of having cash on the sidelines so that when a stock goes down you can dollar cost average. He is now actually back to breakeven. This is a betting company. They are online. They have kiosk and telephone making in Britain, Europe and Australia. Just started in New Jersey in the US. The stock price dropped because of their merger with BetFair (?) last year, so they had a lot of overhead costs, but they were still able to come through with roughly 16%-20% growth in revenues, profits and a dividend increase. This is now starting to come back, and he would have no problem buying more.
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They are in Australia, Italy and the UK. Most of it is on line, and much higher margins. They paid a special dividend post-merger. The dividend has been growing quite nicely. The growth rate is quite good.