Formula One Group: Valuation May Be Full Here [Seeking Alpha]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Seeking Alpha
The company operates the global Formula 1 motor racing series and is a subsidiary of Liberty Media. My questions about valuation, future growth potential, and difficulty in adding new teams make the outlook for Formula One Group uncertain. I'm Neutral [Hold] on FWONK for the near term. Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More » A Quick Take On Formula One Group Formula One Group ( NASDAQ: FWONK reported its Q2 2023 financial results on August 4, 2023, beating revenue but missing EPS consensus estimates. The firm operates the global Formula 1 motor racing series. Given questions about a current pricey valuation, uncertain future growth potential with an already crowded calendar and apparent difficulty in adding new teams, I'm Neutral [Hold] on Formula One Group for the near term. Formula One Group Overview And Market Englewood, Colorado-based Formula One Group was acquired by parent firm Liberty Media ( LMCK ) in 20
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