Codere Online Q2 Earnings: Attractive Valuation Despite Rising Competition Risks (Rating Upgrade) [Seeking Alpha]
Codere Online Luxembourg, S.A. (CDRO)
Company Research
Source: Seeking Alpha
Follow Summary Q2 results showed the company's ability to continue to demonstrate profitable growth in its core markets. Despite increasing competition, the company benefits from favorable trends in the expanding iGaming market in Mexico. The current valuation has embedded optionality, which combined with a strong balance sheet, makes this an attractive investment opportunity. Consequently, I am upgrading CDRO stock from Hold to Buy. andresr Investment thesis In my previous write-up on Codere Online Luxembourg ( NASDAQ: CDRO ), I recommended a Hold on the shares, despite finding its strong revenue growth and improving profitability very attractive. The main reason for this was the growing competition in its Recommended For You About CDRO Stock Related Stocks Trending Analysis Trending News
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CDRO
News
- Lost Money on Codere Online Luxembourg, S.A. (CDRO)? Contact Levi & Korsinsky Regarding an Ongoing InvestigationAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Codere Online Luxembourg, S.A. - CDROAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Codere Online Luxembourg, S.A. - CDROAccesswire
- Codere Online Receives Delisting Notice from Nasdaq and Submits Appeal [Yahoo! Finance]Yahoo! Finance
- Codere Online Luxembourg, S.A. (CDRO): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
CDRO
Sec Filings
- 11/18/24 - Form 6-K
- 11/14/24 - Form SCHEDULE
- 9/3/24 - Form 144
- CDRO's page on the SEC website