They manage large events at sport venues all over the world.  The stock is very expensive.  It is actively growing.  It is far too expensive on valuation multiple.  This is a consumer discretionary spending investment.

He has not done a lot of work on this company, but is aware they have been putting up monster earnings results.  They are consistent earnings beaters, but when there are not on guidance, it is usually earnings lower than target.  This makes the stock too risky for his conservative investments, but would consider it a speculative buy.    

A rollercoaster. Doesn't look good. Had support at $41.80 and doesn't see a bounce-back without a rise in volume. Wait till it hits $39.80 to see buying support. We don't see that now. If you hold, sell below $35.

(Market Call Minute.) People are going to concerts in droves. Millennial’s are spending big money going to these festivals. He likes the stock very much here.

Experiential Consumerism.  Concerts and adventure travel.  They make their money not on the concerts, but on the merchandise, the promotions, the sponsorships and they own a lot of the venues.  They are out there buying more and more concerts and live events.  They own Ticket Master.  It does not pay a dividend and the balance sheet is not opaque.  He thinks they can build their cash flow over 40% over the next couple of years.  They have wonderful pricing power.  (Analysts’ target: $33.00).

30% market share of the global concert industry.  They make acquisitions and are increasing their penetration with secondary ticket sales.  Good long term growth potential.