Research Notes: Is Live Ventures An Easy Short — Or A Transformed Long?

LIVE's checkered history and cheap valuation create an interesting debate

📍 TL;DR

• Only a few years ago, LIVE was a penny stock with a number of red flags.

• A series of successful acquisitions (so far) has changed the story, and underpin a valuation that looks at least reasonable.

• There are enough risks here to stay on the sidelines, but management will have the ability to address some of the core risks with the next earnings rep…