Hi guys,
I need a quick opinion.
I would like to buy $LTMC (-0,81%) stock.
The numbers are really great and company is growing fast also thanks to a series of acquisitions.
I see many of my peers using regularly Lottomatica's websites for sport betting.
When I come home from work I always see a lot of people inside Lottomatica's corner shops (Goldbet and Better) playng and betting.
And since I am italian I wouldn't have to pay double tax on the dividend.
The thing that worry me the most is the recent run up the stock had experienced.
Unfortunately I only discovered recently that this company is publicly traded (IPO in 2023).
The P/E is high at 42, but the forward PE ratio looks cheap at only 14.
Should I wait for a pull back or is it reasonable to open a postion at this level (near all time high)?
