LYV - Should You Buy Live Nation Stock Right Now?
The COVID-19 pandemic has negatively affected virtually every company -- large and small -- but Live Nation Entertainment (NYSE: LYV) has been hit particularly hard. As the world's largest promoter of live events, it operates over 270 event venues (theaters, arenas, clubs) and also the Ticketmaster platform.
It is no wonder that the company's stock is down. With social-distancing restrictions in place all over the world, there are no large events taking place, and the company has no way to make money. But this is not a permanent situation. COVID-19 will eventually pass, and concert goers will fill arenas once again. With its long-term potential still intact, should investors add Live Nation to their portfolios?
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