3 Ways to Silence Any fuboTV Bear Argument
One of this quarter's hottest NYSE debutantes is fuboTV (NYSE: FUBO). It priced its IPO at $10 in early October following a low-buzz springtime merger to quietly begin trading under the market's radar. The initial market reception was lukewarm for the live TV streaming service, but the stock has gone on to pop more than sixfold through Monday's close.
There are a lot of critics when it comes to fuboTV as an investment right now. Should what is essentially the country's sixth largest virtual MVPD (multichannel video programming distributor) be approaching a market cap of $10 billion? Can a streaming replacement for cable and satellite television ever achieve cost controls and pricing elasticity to deliver healthy profit margins? How dare fuboTV suggest that online gaming is a potential new revenue stream?
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Source Fool.com
