People Inc.'s MGM stake worth $2.9B exceeds its market cap; upgraded to strong buy with 66.8% upside potential.
People Inc. holds a 66.8 million-share stake in MGM valued at about $2.9 billion, surpassing its own market capitalization of $2.86 billion. The company’s publishing business is improving, with Q2 adjusted EBITDA rising to $73 million and 2026 EBITDA...
