just showed up on FB. a good summary for someone like myself who isnt financially savvy. how accurate is his assessment?
We’ve been talking about the IPO over on this thread for sometime now, but Brett isn’t far off on his assessment, however emotional it may be…
As far as i understand, the original purchase of IM was the classic case of a Chinese billionaire overpay for an American symbol.
In finance, Expected Growth (+5 years) is what drive the multiple of the stock prices… as an example company that is expected to grow at 10% for the next few years is worth 2-3X more than a company at is expected to be close to it’s peak.
The cold reaction to Wanda is just reflecting the market expectations.
Now, where Sutton is wrong, change in ownership structure, is unlikely to change anything to WTC pricing strategy.
I replied to his twitter account. The most popular marathon on earth is the New York City Marathon. It’s popular for everyone involved, age group runners, pro runners and the city itself. It along with 100 other events a year in the city are owned and operated by the NYRR Club, I Not-for Profit enterprise.