Post Covid-19 demand for entertainment will remain strong.
Higher prices not impacting demand.
Artists forced to tour as a result of Spotify.
Expecting many years of live show demand growth.
Expanding vertically into venue ownership.
He sold it last year at $7. The post-Covid reopening impulse has long ended.
He'd double-down on this after recommending this some weeks ago, though the stock has been a bit of a dud since then. Let's assume demand will be there. Goldman Sachs (in this bullish call today) said there'll be twice as many musicians touring than in a normal year, and LN can capitalize. Rising cases are not enough to justify lockdowns, because people won't allow. He still likes this.
It's pricey but should be. Goldman Sachs predicts a blockbuster year for them and it's justified in this reopening. LN sells beer, t-shirts and VIP packages which offer super-high margins. LN controls so many venues and faces little competition. A great company, but not cheap.
Live Nation Entertainment Inc. is a American stock, trading under the symbol LYV-N on the New York Stock Exchange (LYV). It is usually referred to as NYSE:LYV or LYV-N
In the last year, 2 stock analysts published opinions about LYV-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Live Nation Entertainment Inc..
Live Nation Entertainment Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Live Nation Entertainment Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Live Nation Entertainment Inc. In the last year. It is a trending stock that is worth watching.
On 2023-09-21, Live Nation Entertainment Inc. (LYV-N) stock closed at a price of $79.97.
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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