Formula One Group (NASDAQ:FWONK) is one of the stocks on which Jim Cramer gave his opinions. Cramer was bullish on the stock, as he stated:
Liberty Media has an infamously complex corporate structure… But they’ve historically had tracking stocks for their subsidiaries that give you something like a pure play in niche businesses like this one. Liberty Formula One represents ownership of the Formula 1 Auto Racing League, MotoGP for Grand Prix motorcycle racing, and a bunch of minority investments in a grab bag of different things. If you want to own this one… I’m going to recommend: the series C, as in Charlie shares, which trade under this ticker FWONK… because they have the most liquidity… At $83 and change, I think it’s a terrific buying opportunity…
Photo by Artem Podrez on Pexels
Formula One Group (NASDAQ:FWONK) manages the commercial rights to the FIA Formula One World Championship, a global racing series.
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