
NYSE:LYV
LYV is up 21% this year, which we would not consider so bad. Sales have tripled since 2020 in the covid rebound, and are expected to rise about 10% next year. Concert sales rose 29% last quarter. There are some legal issues, regarding concentration in the industry and investigations by the government, but otherwise we do not see a lot of issues. At 75X earnings, however, the stock is too expensive to get us really interested.
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Concert business is on fire. Stock's been on a rollercoaster due to being sued by DOJ on anti-trust allegations. Pressure short term, but long-term a wonderful business. Great management and free cashflow growth.