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Buyer beware: Endeavor IPO offers up a company with huge debt, volatile earnings, says Bernstein

Ciara Linnane
Buyer beware: Endeavor IPO offers up a company with huge debt, volatile earnings, says Bernstein

Investors eyeing the initial public offering of entertainment giant Endeavor Group Holdings Inc. need a strong stomach, as they will be buying into a company with high debt levels and unpredictable and volatile earnings.