I think it has been well established that ironman is a small part of Wanda so by saying IM is drawing interest from wall street is a bit of an exaggeration. Especially since it is quoted they expected it be a "Tech & Media Darling" not an event managing darling.

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808 > NYC > PDX > YVR
2024 Races: Taupo

Or you could take out some put options on these ridiculous daily 10-15% pops on nothing but earnings calls that aren't even that promising haha

Do you know what percentage Ironman is? Seems like they bought it for 775 million and the market cap of Wanda is 600 million?


As for puts in options, predicting the next 10 to 15% up or down is a coin flip. Could have more fun and equal chance of return betting on Kona.

Infront was purchased for 1.2b, I believe there are other parts as well but that just shows you how overvalued some of those purchases may have been. It may not be a small part, so I shouldn't have said that, but it seems to me that the primary driver of their interest is in the media side of things, not WTC.

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808 > NYC > PDX > YVR
2024 Races: Taupo

No - stock goes up 10-15% on no solid earnings or anything - out of money puts for days. +1038% so far this week. I quit playing blackjack at the casino - kept getting too drunk on the free drinks haha

Do they have Kona betting yet?! I would totally throw some bets for that race lol it would be like horse racing, just 9 hours instead of a few lousy minutes.

The descriptor "tech" is way overused for companies these days (see WeWork/We Company as probably the most outlandish one right now) as a way of getting a higher valuation. Media seems more inline since most of the non-sports holdings seem to be film product/movie theater related. Nothing seems to be related to any real tech IP.

Do you know what percentage Ironman is? Seems like they bought it for 775 million and the market cap of Wanda is 600 million? //

Infront was bought for about 1.2 billion, and Ironman for 600 million, but none of those purchase prices factored in the debt that was also acquired. Not sure about Infront's debt at the time, but Ironman was about a 1/4 billion or so. But the number now is over one billion in debt for both, so you have to add that to the market cap of 600 million, so approx 1.6 billion. Well below the purchase prices for sure, but nothing like you are thinking.


I got in at around the 3;60's, so this is a nice pop. But I'm not going to trade this stock, just let it ride. I think eventually the two companies inside WSG will be split and sold off, at a premium to the stock price of course..

^ Ya! Roll them dice! love it haha

 

There are a few of us here that do quite a bit of betting on Kona, start thinking about who you like and the odds. If you are interested in actually risking some money.. Culley22 owned me last year, I went for a couple long shots I guess, who I thought would do a lot better.

I like this from a buyer's perspective. Nothing here says that the value should go up, but just a simple article can start the blood in the water for people. So...we'll see a nice spike (I have a little of WSG, but I was leveraging down...and it never made it to where I really wanted to get in), and then I think we'll see it come back down to pervious levels for more buying opportunity.

I think this will be an $8-10 stock in the long run, with potential (I agree with monty on the value of them getting split up and sold) for much more when others grab them.

The question is, who are the buyers for the divisions, premium or otherwise? Wanda parent likely tried and failed to sell WSG before settling for an IPO so whatever buyers were out there are probably waiting for the company to underperform then scoop it up cheaper.

My biggest thing I try to tell people (especially from the States) is that there is a BIG world out there that doesn't know shit about the USA, or care about what the USA is doing and how. I think WSG falls into that category. ASIA triathlon is growing (fast) and is very popular. I don't need USA money to bring the price/value of WSG up, money from all over the world will have it's impact on the value and I think the foreign markets are what make WSG valuable in the future. Top that off with a bored Chinese Billionaire getting in on something that is booming in his part of the world...yeah, I see this as serious potential for profit for anyone getting in early enough.

$400m of that debt is a replacement of an interest free promissory note against one of the Wanda holding entities. The new loan from March 2019 is at 13% or so interest - well within distressed territory. I think the IPO had a minimum of $200m of the proceeds to be loan repayments, so there is still a drag of $26m on earnings going forward. The loan also has a make-whole feature, so the lenders will collect $26m for a 3 months $200m loan (the portion to be repaid) - not bad. Why WSG would enter into a transaction like that is beyond my comprehension.

Why WSG would enter into a transaction like that is beyond my comprehension. //

Dan had a theory that they borrowed money from the parent company, so just a way to bleed money back to the original purchaser. Buy some companies, then borrow against them from yourself to pay for the purchases, and collect interest while you hope that they grow into their debt and or purchase price..I don't know, I just know the debt WTC had, and it was no where near the 1+ billion the two entities have now....

Yeah that's what it looks like, so either a private equity strategy to bleed as much of the purchase price from an acquisition as possible or Mr. Jianling is feeling the pinch from the Chinese govt crackdown on foreign sports and media acquisitions by Chinese companies?

You don't need U.S. money to drive the growth but you do need U.S. growth to remain stable at the very least for WSG price / value to go up. Agree with you that growth in Asia outpaces the rest of the world but the lion's share of dollars is still in the U.S. / west so that'll still be the focus for investors. WSG's IPO filing has some global market charts that show China growing 3x as fast as N. America but N. America is still significantly larger on a dollar basis.

Looks like some heavy volume near the end of trading today, and up to nearly 4 1/2 bucks!!! Maybe the Prince is buying in anticipation of his takeover of WTC.. I got a 1000 shares, wish I had bought more now, but know some of you missed out on your low 3 dollar price target. Perhaps you will get another crack at it, hope not....(-;

I bought 500 @3.58 in my daughter's Roth IRA last week. Good for her I hope. People are accumulating at this price point. Next buy opportunity may be when earnings(or lack of) gets reported.

I bought 1000 @ $3.55. Wish I bought more but 1000 was what I was willing to test.

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Favorite Gear: Dimond | Cadex | Desoto Sport | Hoka One One

We'll see $3.50 again (imo). WSG doesn't want to see it down there so i'm sure there will be some manipulation with buy points (I see it often with smaller stocks: small buy at a higher point to bring up value and then look to offload a larger sell at that higher point). At that point i'll look to get some more. I hate picking up small pieces (we've discussed why I like the 10k shares figure) and that's all I did with WSG, so I want it to drop back down so I can finalize my purchase. Now I just have to be smart and play the waiting game and not get anxious because i'm not "in" and buy too high (I see that so often, people bored on the sidelines and just buy in because they want to "play". Kills me to see this).

Yesterday's pop was caused by analyst coverage initiated with bullish calls by MS, Citi and Deutsche - incidentally the IPO underwriters.

Quarterly results will be a test with IPO fees and increased interest expenses hitting the bottom line.

I will buy another 1000 shares if it dips back into the $3.50’s.

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Favorite Gear: Dimond | Cadex | Desoto Sport | Hoka One One