Thursday, 7 December 2023

The Sphere Is Amazing, but Is Sphere Entertainment Stock a Buy?

by Earn Media

The Sphere in Las Vegas is one of the most iconic developments of 2023, and investors can buy a piece of the business with Sphere Entertainment (NYSE: SPHR). But the company announced yesterday that it intends to raise $225 million in convertible debt for unknown uses, and that caused the stock to sink.

In this video, Travis Hoium discusses the potential capital raise, early results from the quarter, and why this is still a stock investors should be cautious about.

*Stock prices used were end-of-day prices of Dec. 5, 2023. The video was published on Dec. 6, 2023.

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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.