Murphy Analytics announced today that it has initiated coverage on CitySide Tickets, Inc. The Initiation Report provides a discussion on the company’s business model, market dynamics, industry competitors, macroeconomic data and indicators, financial results and risks. The complete report is available at http://www.murphyanalytics.com/uploads/CIST_Initiation.
Analyst Patrick J. Murphy, CFA noted the following in the report, “Although the recently completed Live Nation / TicketMaster merger creates significant market concentration, it also serves to illustrate the magnitude of the opportunity in the ticket market. CitySide Tickets, Inc. (CIST.PK) seeks to capitalize on this opportunity through organic growth as well as through acquisition.”
“As CNBC watchers undoubtedly have seen first-hand, CitySide Tickets has commenced an aggressive marketing campaign designed to expand the Company’s domestic reach. Additionally, CitySide Tickets, Inc. (CIST.PK) recently announced a letter of intent to complete its first acquisition. With the launch of a national marketing campaign and the announcement of the pending acquisition, CitySide Tickets, Inc. (CIST.PK) has begun executing its strategy to become a significant national destination for both ticket buyers and ticket sellers.”
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