Could fuboTV Be a Millionaire-Maker Stock?
This is a big sports weekend, so let's kick the tires of a next-gen streaming platform that wants to be your ticket into the live TV game. Bulls can't complain about the fuboTV (NYSE: FUBO) playbook in the hot stock's brief life as a publicly traded company. It's nearly a five-bagger since its $10 IPO four months ago.
The bullish case for fuboTV is simple. Folks are dumping their clunky cable and satellite television subscriptions in droves. There's a glut of cheap streaming services to fill that time, but you need a pricier live TV streaming option if you want access to a wide gamut of televised sporting events.
The bearish argument against fuboTV is also simple. Programming costs for live TV streaming services are spiraling out of control, and eventually consumers will just stick to the corded devil they know. Spunky upstart fuboTV is also competing against media moguls and titans of tech and telco with deeper pockets than this one-trick pony.
Source Fool.com
