Stock Tip Tuesday…

Eventbrite (🇺🇸:$EB 🇨🇦:$EB), A new era of events !

^_NEWS
Lawsuit vs the Ticketmaster crooks

Welcome back winner, to another stock tip Tuesday. We are gonna jump right into it this week at the deep end with the evil that is Ticketmaster.

I’m sure most of you have heard about or experienced the the horror show that is Ticketmaster. If you haven’t there are countless articles and videos online on why this company is the fucking worst. However, news hit last Thursday like music to my ears. The Justice Department filled a massive lawsuit against Live Nation (a company that resulted from Ticketmaster's 2010 merger with concert promoter Live Nation).

This lawsuit is a blessing for everyone and could see the break-up of Live Nation-Ticketmaster. This is where our stock pick Eventbrite comes in.

^{_{The pitch}}
Eventbrites time

Since Ticketmaster and Live nation monopolized the ticket-selling market. Its been hard for competitors.

This has shown in Eventbrites stock which is currently at $4.9, an all time low. However, I have reason to believe it can bounce.

👉 The First of these reasons is obvious, if Ticketmaster and Live nation disband, it will open up a massive opportunity in the industry for some of the smaller companies( like Eventbrite) to finally eat at the big boys table. Now, I don’t envision Eventbrite becoming the industry leader by an means. That most likely will remain Ticketmaster, but it could give them more opportunities that they never would have seen before.

👉 The pros are also eyeing this company up too. As of early Feb, EB shares were held by 29 of the 910 hedge funds tracked by Insider Monkey with the total shares held by hedge funds valued at $249 million. Richard Scott Greeder’s Broad Bay Capital was its leading hedge fund shareholder with ownership of 3.7 million shares valued at $37 million.

👉 The stock is at an all time slump due to a poor earnings report. However, I believe now is the time to invest at this discount. Like Baron Rothschild said investors should "buy when there is blood on the streets”. Analysts have consensus rating of Moderate Buy. The average price target is $8.38 with a high forecast of $12.00 and a low forecast of $6.00. With the stock at a price of $4.99 while writing this, id take it. These numbers are also fractions of EB’s all time high of roughly $37.

⭐ Conclusion

This lawsuit against Ticketmaster could potentially open the flood gates on the ticketing and events industry. If that happens you should try and get your hands on a horse in the race. My bets is on EV ripping, but don’t let me stop you doing your research and finding an alternative.

Thank you
That’s All Folks

Thank you for reading. Like usual. Not financial advice.

We don’t own stock in Eventbrite. Full disclaimer here

Cheers,