LYV - Is Live Nation Stock a Buy?
Live Nation (NYSE: LYV), the country's leading concert promoter, has been unplugged, if you will, in recent months. Arena concerts, bar shows, and even outdoor festivals aren't happening in the new normal, essentially drying up Live Nation's business. Revenue plummeted 98% -- yes, 98% -- in its latest quarter.
It's not easy to get a good read on Live Nation. It was a rock star as recently as last year, but will it continue to amp up gains for investors in the near future? Let's take a closer look at the good and the bad before deciding if this is a stock worth adding to your portfolio right now.
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