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.
Investment Thesis
It’s been half a year since we revisited the investment case of Formula One Group ( FWONA )....
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For further details see:
Formula One Starts A New Season, But Will There Be Changes?