Live Nation Entertainment (LYV) owns TicketMaster, has exclusive booking rights to 200 large venues and manages more than 500 acts including Beyonce, Guns N' Roses, Adele and Coldplay.
The company has seen cash flow (funds from operations) increase from $318 million to $513 million in 2016 and has reported $576 million over the past trailing twelve months.
The stock has risen about 50% over the past year but, with a current market cap of $8.7bn, it’s still priced on a very reasonable valuation of only 1 times revenues and 15 times cash flow.
This is not a recommendation to buy or sell. Stocks are not suitable for all investors. Please do your own research.
Submitted October 14, 2017 at 11:50AM by InterestingNews1 http://ift.tt/2yho9v1
