The recent ~10% drop in $LTMC (-0,52 %) (Lottomatica) caught my attention, so I decided to open a position.
Not because I’m trying to catch a rebound, but because I believe in the company and see the sell-off as an opportunity to buy at a more attractive price.
The stock has already bounced, which obviously feels good, but that doesn’t change the reason I bought it.
Now let’s see how the Cirsa acquisition develops and, more importantly, how Lottomatica continues to execute over the long term.
Risk or opportunity? We’ll find out.