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Wednesday, July 10, 2024 6:42:00 PM
https://www.inflation.us/content/manchester-united-manu-loses-662m-gains-558-anyway
Manchester United (MANU) reported this morning that they lost $66.2 million last quarter with revenue down by 19.6% year-over-year, but the stock gained by 5.58% today anyway.
MANU is the most overvalued football stock of all but even MANU is likely to gain 100%+ in value between now and the 2026 World Cup.
Celtic plc (LSE: CCP) or CLTFF will be the #1 largest gaining football stock. CCP has a current market cap at £1.86 per share of £176.27 million with net cash of £67.327 million for an enterprise value of £108.943 million.
CCP is trading with an enterprise value of only 0.85X its revenue of £128.53 million and CCP is extremely profitable!
Celtic Park alone is worth £300 million vs. the company's enterprise value of £108.943 million! It is the #1 rated football stadium in all of Europe!
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