BATRA, BATRK

Liberty Media Corp

Consumer, Event Driven/Special Sit


Presented:04/20/2016
Price:$18.05
Cap:N/A
Current Price:$43.14
Cap:$2.67B

Presented

Date04/20/2016
Price$18.05
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily Vol726,633
Short IntN/A

Current

Price$43.14
Market Cap$2.67B
Liberty Media Corp. engages in the business of media, communications and entertainment. The company operates through its subsidiaries, which includes Atlanta National League Baseball Club, Inc. (ANLBC) and TruePosition, Inc. ANLBC owns and operates the Atlanta Braves, a major league baseball club, as well as certain of the Atlanta Braves' minor league clubs. TruePosition provides equipment and technology that deliver location-based services to wireless users. The company was founded on January 11, 2013 and is headquartered in Englewood, CO.

Publicly traded companies mentioned herein: Liberty Braves (BATRA, BATRK), Madison Square Garden Co (MSG), SunTrust Banks Inc (STI) 

Highlights

The presenter is long shares of the Liberty Braves (BATRA), expecting EBITDA to expand over threefold in the coming years as a result of moving the team to the currently under-construction SunTrust Park. He expects higher promotional/advertising revenue, better ticket pricing, and revenue opportunities from the upcoming mixed-use development. He believes BATRA shares could be worth $70 - $80 in a few years, possibly more if a private market transaction occurs.

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Idea Discussion

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