Formula One Group (FWONA): A Bull Case Theory

We came across a bullish thesis on Formula One Group (FWONA) on Substack by Soren Peterson. In this article, we will summarize the bulls’ thesis on FWONA. Formula One Group (FWONA)'s share was trading at $77.96 as of March 10^th. FWONA’s trailing and forward P/E were 68.11 and 76.34 respectively according to Yahoo Finance.

[caption id="attachment_1207346" align="aligncenter" width="768"] A team of championship drivers racing their Formula One cars around a track.[/caption]

Liberty Media Formula One is a unique investment that requires a long-term perspective due to the sport’s...