LYV - Where Will Live Nation Entertainment Be in 3 Years?
Ticketmaster parent Live Nation Entertainment (NYSE: LYV) crashed hard when the COVID-19 pandemic shut down concerts and live events around the world. The stock has also made a full recovery from the market bottom a year ago. At the same time, the company's business remains shuttered. Are Live Nation's investors getting ahead of themselves here?
You know what they say about pictures speaking volumes, so let's start there. The coronavirus crisis strangled Live Nation's revenue, but the company still has a lot of fixed costs to cover. Hence, the company is burning a lot of cash these days:
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Where Will Live Nation Entertainment Be in 3 Years?