Festival season is here for concertgoers, which means it is a good time to examine shares of live music operators. I have been on the record (here) discussing my bullishness on shares of Live Nation Entertainment (NYSE:LYV) due to its evolving ecosystem and global scale.
Now, Live Nation has a publicly-traded comparable in SFX Entertainment (NASDAQ:SFXE) which went public last fall. Since the IPO, shares of SFXE have gyrated capriciously and now sit well below the $12 IPO price, valuing the company at $680 million.
(click to enlarge)
SFXE data by YCharts
SFX Entertainment is a producer of live events and digital entertainment content focused in the niche electronic dance music ("EDM") sector. To...
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