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FWONK - Formula One Starts A New Season But Will There Be Changes?

Liberty Media Corporation Series C

2024-02-20 03:57:18 ET

Summary

  • Formula One Group's financials improved in FH 2023, leading to a change in rating from Sell to Hold.
  • The complex inter-related company transactions and absence of dividends are reasons for not investing in FWONA.
  • The upcoming Formula One season and the popularity of Netflix's "Drive to Survive" series could impact FWONA's performance.
  • Growth might be stalling going forward.

Formula One Group logo (FWONA)

Investment Thesis

It’s been half a year since we revisited the investment case of Formula One Group ( FWONA )....

For further details see:

Formula One Starts A New Season, But Will There Be Changes?
Stock Information
Company Name: Liberty Media Corporation Series C
Stock Symbol: FWONK
Market: NASDAQ
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