Why the silence ? Happy Saturday !Well seemingly the good news resulted in a balpark 25% SP slump, despite all the umpah lumpah chit chat. then a rant of utter profanity once the SP sank to a 16% low. Here we are at a weekend of contemplation. Yes im right again guys , but thats because I see the past performance and listen to what management say and I hear nonsense. Unlike many on here, I don't look at these things wearing rose tinted heart shaped sunglasses or do the rosary every time trading starts.
The revelation that MSG is selling off most (nearly all) its NYC assets by the end of this month sort of tells you just how much PAT / Extract management DON'T KNOW. Then there are the Sphere arenas.
The Vegas one won't see footfall till Q1 2024 and that will be managed by Sands, the London one 2026. So sales if any for the Sphere are WAY OUT , further they may be leased by sands and that ment it may not be an MSG call. Even if it is , we are talking like 10 gates maximum. Considering the evolv average is 42 a month, its small change anyway.
Evolv like others have had their flaws, the issue of PAT / XTRACT has is massive lack of client diversity. So one issue at OVG or the little casino and PAT will be set back another year on a sales opportiunity its already 5 years behind on.
Those that didnt cut and run at the last ride up are about to see the error of their indecision.