Sphere Entertainment not only has an impressive arena, but the stock is also attractive now!
Investors are currently paying little for this potential. Sphere Entertainment has a market capitalization of just $1.2 billion and net debt of $350 million after a refinancing that reduced the total amount by $500 million.
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The dazzling arena of Sphere Entertainment (NYSE: SPHR) in Las Vegas captivates concert-goers with its state-of-the-art sound system and high-profile artists like U2 and the Eagles. The shares could soon attract their own audience, as the stock, currently trading at around $32.50, has not yet become a Wall Street favorite. The optimistic forecasts for Sphere focus on the revenues from the Las Vegas arena, another arena in Abu Dhabi, and other potential Sphere arenas worldwide. The potential is significant. The Vegas Sphere makes money in three...
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