GlennTrading

Long Term Investment Thesis for LYV

Long
BATS:LYV   Live Nation Entertainment, Inc.
Looking for long term investments is always a challenge. Thing is you need to know what you are looking for. It makes a difference to find a company that is oversold and is sitting on the 200 moving average. I have an idea that we have a gap to close between the yellow lines. I think but, time will tell, that this stock possibly could break through to those yellow lines in order to fill the gap and fill the orders that are out there within that gap.

This stock is a company that has high director ownership at 32% which tells me they believe in their company. As I dive deeper, this company is constantly increasing their employees yearly to where they are now at 28,000 employees.

As far as the Market Value 18.40B and Enterprise Value 19.68B this company has two numbers that are close. However, they do have more debt than cash but it is close.

This stock is in the niche that has plenty of growth room and they are kicking it within the entertainment business and selling tickets online.

This is a company that is in the entertainment niche. They have cornered a market and many in the USA have used this company if they have attended college sports and events or any other venues that need and use a web based ticket collection agency. This company owns and operates TicketMaster which has taken the whole process of paper tickets to be replaced, bought, sold, exchanged via web based. This stock has been trading in the same range over the past 5 years for the most part. It has been going higher over time but, the markets have been off due to the corrections with in the market. This particular stock is set to go higher over time with many analysts putting $107 and higher price tags.

The insider ownership of the directors is nearly 32% ownership and their Market Cap is 18.40B whereas the Enterprise Value is 19.68 B, which are very closely aligned. The earnings per shares is $1.07. They have continuously been hiring new employees due to their growth over the years.

This stock is:

Live Nation Entertainment, Inc. operates as a live entertainment company. LYV

It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as through other websites, mobile apps, retail outlets, and call centers; and provides ticket resale services.

This segment sells tickets for its events and third-party clients in various live event categories; offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters.

The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage and promotional programs; rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites.

This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands.

It owns, operates, or leases entertainment venues in North America and internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010.

Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.

I personally buy stocks when I see setups in charting that I like which is just my style of investing. I have attached a detailed daily chart with RSI (37.44) that is showing this stock is oversold meaning that it is unloved at the moment but, most of the market is too but, it is not as cooled off as I would like to see it. I’m personally looking for it to go closer to RSI of about 30. It is also beginning to reach a critical point of touching the 200 moving average line in which I will watch to see if it continues to hold there or proceeds to break through to the downside. If it continues to hold and stay within that price range for the next week. That indicates to me that a buying trend is beginning to form. The Volume and MACD is also showing a huge sell off so, I want to see that level off some as well. I do not plan to buy into this stock until I see the MACD cross upward and at minimum 5 days of similar stock price range with stronger buying volume than the current selling off volume. I personally am also looking at a gap that I know has orders still waiting to be filled where buyer and/or sellers are waiting to get this stock at $73.73 to $67.60 price range. Generally, not always, gaps have to be filled at some point in time. I’m looking for the stock to drop into this range before I enter it. I might be late and disappointed if the markets take off and this one continues higher but, that is where I’m looking to enter. I just wanted to share this company with the group because I see much here and personally have used this company to buy all my sporting event and concert event tickets over the past 5+ years.

I know we can’t pin point “the bottom” but, I like to buy all the bottoms now that I understand how to read charts in order to have a better dollar cost average for long term stock investing. The reason I dollar cost average the bottoms, is because my personal psychology drives me crazy to see huge losses in my portfolio. Happy stock hunting and investing, y’all!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.