On Friday, shares of SFX Entertainment (NASDAQ:SFXE) took a 13% hit during the premarket. By the end of the trading day, shares were down only 2%. The large concert promoter, with a focus on electronic dance music, has seen its share value drop 42% since its initial price offering in October.
SFX Entertainment is the largest global producer of live events focused on electronic dance music and the culture that goes along with it. This article presents the case for shares to return to their IPO level thanks to:
· A series of acquisitions
· A new focus on more profitable ventures by the company (more festivals, more weekends, full control of merchandise)
· Two Rock in Rio...
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