Subscribe to TheStreet's free daily newsletter 💰💵 "We just wrapped up our 13th year at DraftKings, and I am more confident ...

A company will buy back shares when it has plenty of cash on hand or during a period of financial health for the company and the stock market. Those are not good reasons for some investors.

The company’s strong financial profile should afford it latitude to invest more resources behind its brand. One instance of DraftKings' product prowess is it extending its leading daily fantasy sports ...