>Live Nation: Attractive Following Merger with Ticketmaster

March 4, 2010

>A NY presenter likes Live Nation Entertainment (NYSE: LYV, $13.41). The company finalized its merger with Ticketmaster in late January and is now a fully integrated entertainment services platform. Management was conservative with its guidance for cost synergies from the deal and there could be significant upside to company’s projections, beginning in 2011. Sponsorships and new ticketing schemes designed to cut out the secondary market for tickets, represent significant incremental revenue opportunities. The presenter targets a 20% upside, but stresses that his estimates don’t include potential top-line synergies. The stock is only followed by two analysts currently.

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