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A small number of hedge funds were also right about betting on CMI as the stock returned 27.7% since the end of the second quarter (through 10/30) and outperformed the market by an even larger margin. “In the next few years, we’ll have gambling and everything else across the board — casino and all,” he said. Inertia is MKF’s best friend Asher added that the lack of action on legalizing sports betting in the four biggest U.S. States — California, Florida, Texas, and New York — gives MKF time to grow its brand versus DK and FD.

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