11/13/25 - $gamb - The definition of low IQ mktGambling.com Group LimitedNASDAQ:GAMBVROCKSTAR11/13/25 :: VROCKSTAR :: GAMB The definition of low IQ mkt - had to take this to zero into results b/c the market has been telegraphing stuff - but honestly down 25-30%? it's almost sad how low IQ this mkt has become - buying the quantum tops, dumping a cash generating biz at the lows - if the above sounds like you... hfsp - so the 75% of the biz that's in decline is the SEO biz. let's imagine it has 3-5Y left and put it at a 3x EBITDA multiple... and then let's put the data biz at a >50% discount to any peer (and btw GAMB's growth is better) and call it 8x even - that gets u to an EV of about $300M which is about 20% above where the stock is implying here - will this just course correct? - probably not - but is the downside basically entirely baked in? - yes. - and if we somehow, do see low 4's into YE b/c of tax loss selling... i'll take this to a 15% position. - right now i'm buying spot at $5/shr and selling some dec/ 2026 $5c for income to CMA - but that's just b/c i'm playing it safe and it allows me to size it up V