Josh Arnold
Long/short equity

SeaWorld Is Beaten Down And Looking Cheap

SeaWorld Entertainment (NYSE:SEAS) is the owner and operator of the popular, world class theme parks bearing its name in addition to other attractions in the US. The company, which now owns 11 theme parks in the US, was founded in 1959 and is headquartered in Orlando, Florida. After being taken public last year shares shot higher from the high $20s to $38 last summer. However, reality has set in and after a sharp rally from $27 to $35 early this year, shares have collapsed back to their lows. In light of this information, I'll take a look at SEAS valuation and understand if it has some room to run higher or if the selloff was warranted.

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