+ Watch MANU
on My Watchlist
A negative $21 EPS?!
Popularity only counts in high school, not in the business world.
Absolutely bonkers valuations. These stocks popular among retail investors (see also MTN pitch) are inflating the price and the bottom could easily fall out.
1. be brave when others are fearful...2. i find it hard to believe that the most popular sports team on the planet can't figure out a way to turn a consistent and attractive profit. man u is the cowboys, lakers and yankees all rolled up into one and served to an international audience.
I don't bet on sports.
Management cashing in at shareholders' expense.
With more dominant teams in the Barclays Premier League rising, revenue for Manchester United will fall. More dominant teams also brings about the hunger for better players, which they will have to spend much money on.
Stocks go up or down what counts is doing your homework and being selective in your overall due diligence. What goes down must come upl
This valuation is absolutly crazy.....
Remember the Celtics?
-high p/e for single digit growth (how much bigger can this franchise get?)-tons of debt-no voting power on the shares
This is the most bleeding obvious short idea I ever came across, and that's not even because I'm an Arsenal fan! Let me list the most obvious reasons:1. They lose money every single year2. They're deeply indebted3. Club is competing against billionaire owners who don't mind forking a quadzillion dollars on talented players4. Shares don't even have voting powerIf I had a third thumb, I'd have three thumbs down.
Fan's excitement can't salvage this heinous offering.
As a major Man U fan, my blood bleeds red, err.....wait. Well, I am a big United fan but this deal doesn't make a whole lot of sense. 10% of the company goes public, half of that goes to lining Glazer pockets and the other half goes to paying down debt. Where's the growth story? Where are the new business opportunities? Performance of the stock will be tied to performance much like the Celtics stock was. Unlike the Celtics, MANU has been packaged as a complete business not just a sports club. Regardless, if Man U has their Champions League run end abruptly in the early stages (as was the case last year) millions in TV deals will be squandered and the stock will be punsihed. Add this one to the list of crappy IPOs for 2012.
Can't miss a chance to short another IPO and pick up some easy CAPS points.Cautionary Note: I didn't even analyze this one at all, but am operating under the presumption that most IPOs are garbage and taking my chances.
MANU is overvalued at over five times revenue with year in year out profits. They are priced like a high growth company but unless they go around buying up other franchises, something highly unlikely, the stock combines the valuation of expected rapid growth with a company not likely to do so.
This article is a great read: http://www.forbes.com/sites/chrissmith/2012/08/10/manchester-united-ipo-history-says-dont-buy/Sports teams are terrible buys, always short these.
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