I’ve been watching
$EDR for the last couple of weeks. Seems to be an interesting re-opening play. The company came public in April 2021. I took a small starter position yesterday.
It’s an entertainment company - sports, events, experiences. They also have some brand rep services.
Recent news:
Signed purchase agreements to acquire nine MLB Professional Development League (PDL) Clubs
Avg PT is $34.83 with high of $41 and bullish rating.
Last Quarter (Sep 2021) Stats:
- Revenue: $1.4B (beat by $76M)
- GP: $718M (Margin: 50%)
- OP: $130M
- N INcome: $42M (first Q of profit)
- EPS: $0.33
Total Assets: $10B
Total Cash $ 1B
Stuff I don’t like:
$4.4B Goodwill
$5.6B Debt
This is not a recommendation to buy. It may be worth just keeping it on your radar. I know recent IPOs are getting crushed but, this company should benefit from the re-opening.