Research Notes: Can Allbirds And Rush Street Defy The Odds?

Allbirds and Rush Street both look interesting at these low price levels

Highlights:

• In response to subscriber requests, we provide updates for footwear company Allbirds and gaming stock Rush Street Interactive.

• Allbirds has balance sheet concerns and continues to lose money. But management is incentivized and understands the need to re-focus. That creates a potential path to upside off lows near $1.

• Rush Street Interactive has been a logical takeover target for some time, yet a deal hasn’t materialized. Like Allbirds, there is potential to salvage value — if management is nimble enough to do so.