IB Net Payout Yields Model

Spotify: Streaming Discount

Spotify trades at a discount in the streaming sector due to the direct listing dynamics.
The streaming music service continues to expand leadership in the sector over Apple Music.
The stock trades too cheap at 4x sales estimates.
Oddly, Spotify (SPOT) trades near the post direct listing lows, while Netflix(NFLX) surges on a bullish earnings report. The streaming services for music and video aren't exactly the same, but the opportunity is similar; making the case for owning the laggard of the group.
Read the full article on Seeking Alpha. 

Disclosure: Long AAPL, TWX. Please review the disclaimer page for more details. 


Comments

Popular posts from this blog

Occidental: Still Producing Too Much Oil

ChargePoint: Low Quality Beat

Aurora Cannabis: Deal Or No Deal