More than two decades ago, during the depths of the bear market that followed the bursting of the dot-com bubble, U2 was touring the Pacific Northwest to promote its album All That You Can’t Leave Behind. After paying a huge premium, I was able to score a ticket for the show in Portland, Oregon and it was absolutely amazing watching the band perform.
When I heard about U2 performing at the Sphere in Las Vegas, I brought back memories of that Portland concert in 2001. I watched most of that concert about six feet from the stage but I can’t begin to imagine the experience at the Sphere with the largest LED screen on earth and 167,000 speaker drivers. When I noticed that Sphere’s CFO had resigned recently, I figured it was time for us to dig into this new spin-off to understand if the opportunity for investors is as good as the experience for concert goers.