Disney earns close to 40% of there revenues from their parks. It is estimated that by 2025 that number is expected to fall t0 20%.
That means more then 60% ( 80% by 2025 ) of Disney's revenue streams don't come from there parks. When Disney went public everyone laughed and said who the hell would visit a crime infested jungle in Orlando for a few rides, water park and fast food.
That was in 1970 and the stock was $5.00 per share. Today Disney with out its 6 stock splits would be trading at $30,000 per share making it one of the best performing stocks ever in the history of the market.
That being said Canton Ohio is not HOFV main revenue stream, it has no bearing on the value of the stock long term. It is only one of 20 revenue streams,s they have planted the seed for.
Canton Ohio's main purpose will be marketing related to push the brand of the NFL and pro football hall of fame. That being said when completed canton Ohio will have multiple revenue streams,s in its self, from restaurants, aqua parks, 3 upscale hotels, museums, Concerts, NFL games, sports betting etc..
The biggest catalyst in development is the restaurant chain franchise, sports betting, fantasy league sports, online Gamblin app, Hofv themed casino, multi media app etc.. this is when we will have disney type revenue growth.
As far as there earning release this Monday on August 10th 2020. I expect them to confirm timeliness and confirmations of plans they have set forward. The CEO will confirm his commitment to the project and share holder value.
The CEO has said that this will be his legacy and what he will be judged on. This is not a fly by night enterprise like NIKOLA were the CEO Trevor has already said he will be leaving the company in 5 years despite the fact they have not even turned a buck profit.
This CEO is here to stay and has 700,000 invested in shares. There will be big things coming with there partnerships with the NFL, Amazon and Disney collaboration.
I can't comment on Day to Day action but I will stay firm on my near term price target of $250.00. With a low float of only 2.2 million, 20% owned by the NFL, 700,00 shares owned by the CEO, the smallest catalyst will set this up over $50.00 in a single day. Look what happened with KODAK?
Lastly Churchill Hill Downs is trading at over $150.00 per share solely on revenue generated on horse betting. The NFL is 20 times bigger then that ! and when they get there gambling license expected end of this year what do you think will happen to the share price ? boom !
The NFL is a private company that is said to generate 15 billion a year. Roger Goodell has publicly said numerous time HOFV will be there pride and joy and he guarantees it won't fail. The NFL owns 20% of HOFV.
HOFV is a sleeping giant with a story that will unfold more beautifully than Disney. Hedge funds will be buying once the CEO lays out more information. If you can afford to I would buy more. I have 300,000 invested and presently I have no issues admitting I am down close to 40% .
I have no worries because I have extensively done my DD before investing such a large amount and I am confident in the future. I am not looking for a quick flip but I am confident in a long term position that I feel will 50X my money.
keep sharing information and be positive, great things are happening here. We wont be at these levels for long. The company will be traded above $18.00 soon and then will settle above $70.00 once we get the approval for gambling year end. Don't also forget the many 1000,s of industry that surround canton Ohio that are dependent on HOFV being a success. The government and city are also backing this project as they are banking HOFV will raise Ohio from the ashes as Disney did for Orlando.
look forward to this Monday ! I think many great things will be announced ! The shares are heavily discounted and wont be on sale much longer. This stock will have explosive growth from multiple revenue streams,s. It is like holding an S&P 500 ETF as the types of exposure we have with our revenue streams is so well diversified.
This is such a unique Spac and company on its own, I don't think you can compare it to anything else. Imagine being able to buy stock in the NFL with 15 billion in revenues yearly, combine that with Disney mixed with, Netflix, draftkings, a Las Vegas Casino, 5 star hotels, and finished with A chipotle franchise.
What you have is a monster in the making. Remember Tesla was $17.00 and on the verge of complete collapse and is now trading at over $1500.00 with price targets as high as $30,000 per share.
Watch and learn it will happen here. This is a stock you can retire off. Thank everyone and stay positive !
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