LYV - Live Nation's Large Cash Burn Makes It A Sell
Over the past several weeks, we have seen so-called "vaccine" stocks, the airlines, hotels, restaurants, cruise ships, amusement parks, etc., perform particularly poorly as rising case growth across the South and Western parts of the United States have made investors question the pace of reopening. One needn't be a scientist to foresee that there will be waves of optimism and pessimism around the potential for some of these businesses to operate as normal, and at times, sentiment will move too far in either direction.
Live Nation (LYV) is perhaps the company most exposed