Core Viewpoint - StubHub Holdings (NYSE: STUB) is recommended as a buy due to its underappreciated growth potential in the secondary ticket marketplace [1] Company Analysis - StubHub is identified as a leading player in the secondary ticket marketplace, indicating a strong market position [1] - The investment approach emphasizes understanding core business economics, including competitive moat, unit economics, reinvestment runway, and management quality [1] - The focus is on long-term free cash flow generation and shareholder value creation, highlighting the importance of fundamental research [1] Investment Strategy - The investment strategy is centered around identifying businesses with the potential to scale and unlock significant terminal value over time [1] - There is a preference for sectors with strong secular tailwinds, suggesting a focus on industries poised for growth [1] - The analysis aims to provide insights that help investors focus on factors driving long-term equity value [1]
StubHub Holdings: Attractive Upside If It Can Continue To Execute Well