FWONK

Liberty Media Corp-Liberty Formula One Series C

TMT


Presented:10/05/2017
Price:$40.73
Cap:$8.72B
Current Price:$79.90
Cap:$18.87B

Presented

Date10/05/2017
Price$40.73
Market Cap$8.72B
Ent Value$13.70B
P/E Ratio337.73x
Book Value$22.85
Div Yield0%
Shares O/S214.00M
Ave Daily Vol1,760,959
Short Int3.71%

Current

Price$79.90
Market Cap$18.87B
Liberty Media Corp. engages in the operation and ownership of various media, communications and entertainment businesses. Its businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. It 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 Media Corp Formula One (FWONK), LIve Nation Entertainment Inc (LYV), Madison Square Garden Co (MSG), World Wrestling Entertainment Inc (WWE)

Highlights

The presenter is long shares of Formula One (FWONK), seeing multiple underappreciated sources of revenue upside under Liberty Media management. He views Formula One (F1) as an undermonetized asset in the broadly well-performing and attractive sports content space and thinks FWONK can easily manage the asset to perform more closely in line with industry standards. He believes FWONK shares could double to $80+ on $3.00 in 2019 FCF per share, with a path to $100+ should other “call options” like profit distribution renegotiation or better-than-expected OTT uptake play out.

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Idea Discussion

Commentor 1 - 2 weeks ago

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