Started buying The Sphere.
I read the Wizard of Oz show is blowing up. Regular tix sell from $100+ to $300. Show is making almost $2MM per day.
36M shares, 28M Float, 91% owned by tutes, 13% owned by insiders.
Over 50% Profit Margin. A 2nd Sphere being built. Smaller Spheres being planned t/o the world.
Only 200 shares ATM, but looking to grow the position to 500 near- term.
Didn’t know they were publicly traded
I went there June of 2024 and it’s mind blowing
50% profit margin though? On what? I thought they were operating at a massive loss
I love them as an entertainment spectacle, but not sure if I’m bullish on the stock. Given that I think it is very expensive to operate, Vegas tourism is down, possibly of recession and/ or pandemic etc
But that said I could just as easily PPS tripling in an under a year. It’s a gamble, maybe a good one
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