RUMOR MILL
Friday, April 10, 2020
LIVE NATION STOCK: ROBUST RECOVERY AHEAD?
An investment analyst is projecting a financial recovery for Live Nation after the conclusion of the COVID-19 pandemic that could see the stock price doubling within three years.
Christine Jurzenski of Avenir Capital wrote for Sum Zero and Barron’s, “This unprecedented occurrence gives investors the opportunity to purchase a high-quality business at 2017 valuations. … Live Nation will be worth $85 per share when the business normalizes and shares return to their five-year average forward Ebitda multiple of 15x. That implies more than 100% upside over two years.”
The stock markets are closed today for Good Friday. Live Nation closed Thursday at $38.27. Read the report here.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
