Should you buy Sphere Entertainment stock? (November 2023)

See more of my work: https://www.3minutebreakdowns.com Sphere stock analysis. Ticker: $SPHR Sphere Entertainment spent over $2 billion dollars building a huge orb with a gigantic dome-shaped screen. The inside of the Sphere can be used for live entertainment while the outside can be used to project art and advertising At the latest share price, Sphere has a market cap of 1.2 billion dollars. It’s got 450 million of cash and 1.2 billion of debt for an enterprise value just under 2 billion. And the company has reported 570 million of revenue over the last 12 months. However, analyzing the financials of Sphere doesn’t provide much value for two reasons. First, financials at this point mostly come from a segment that Sphere owns called MSG Networks. This is a declining media business that owns Madison Square Gardens and has around 900 million of debt. #sphere #investing #stockstowatch