Endeavor: The Ultimate Reopening Play

Pinxter Analytics
5.02K Followers

Summary

  • Endeavor and the entire entertainment industry has faced tough times due to the COVID-19 pandemic.
  • With reopening underway, the live event and entertainment giant is seeing sizable upticks in bookings heading into 2022 and is still trading at low multiples relative to peers.
  • I believe the company is undervalued and I initiate the company with a bullish stance on their long-term prospects.

Stage for live concert Online transmission. Business concept for a concert online production broadcast in realtime as events happen. Stage for online live concert Concert live streams available online
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Endeavor Group (EDR) is a recently IPO'd entertainment conglomerate which operates in the entertainment, sports, and content industries. The company's operations are based largely in the United States but also in the United Kingdom and elsewhere around

This article was written by

5.02K Followers
As part of my earnings growth strategy, I invest, trade and write about small under-covered growth companies which don't get much attention from establishment analysts as well as use the strategy to interpret short and long term moves in bigger, well established companies in the United States, Europe and the Asia-Pacific region.-All articles and the information in them are my opinion based on my own research and analysis and should not be taken as investment advice without proper due diligence and advice from a professional financial adviser.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of EDR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Opinion, not investment advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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