Research Notes: Can Allbirds And Rush Street Defy The Odds?
Allbirds and Rush Street both look interesting at these low price levels
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.