A I once read where the late Sir John Templeton liked to buy stocks that he perceived as having a grey cloud temporarily hanging over them. Share price beaten up yet having a potential bright future once they successfully got over some hurdles. The Templeton mindset was to welcome such opportunities (Mario Gabelli has a lot of that Templeton mentality too). Look at where SBUX shares were in March 2009: about $8 at the very low. Today? About $160, when accounting for a 2-for-1 split. The plunge of WINR to $0.56 and WINRW to $0.05 is behind us. Successes within the ESports industry, to include industry peers, make WINR shares appear all the more attractive as time moves on.
If the thesis of WINR/WINRW bulls plays out and at some point the shares and warrants go parabolic on crazy volume, those who stayed the course will be rewarded. Interesting how dips to the low to mid 30 cent range are being countered by moves to the upper 30 cents range and into the 40s. My present mindset is that I have to give this story a chance to play out. That’s why I plan to hold ~25,000+ warrants with the hope, fingers crossed, it will be worth six figures some day. A full 60 months of life remaining on the warrants ($4.00 exercise price) until May 2024 expiration. Fantastic warrant terms along with an A+++ sector (ESports) as a backdrop story for catalysts.
Maybe Kaplan is a “walk softly and carry a big stick” (Teddy Roosevelt quote) guy. His PRs are not fluff. The monster press release that moved the share price from $0.56 to over $2.00 strikes me as a prelude to what the company is capable of announcing downstream when investors might least expect it.
