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HOFV Stock is a Picks-and-Shovel Play on the National Football League

2 7 1
10.09.2021

I’ve been looking for an opportunity to write about the Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) for about a year. At that time, I spoke with the company’s CEO, Michael Crawford. Crawford’s vision is to make the area surrounding the Pro Football Hall of Fame into the “Disneyland of football.” And Crawford is a former Disney executive, so he has some knowledge of how to get that done.

The Hall of Fame Resort & Entertainment Company is a sports, entertainment, and media enterprise that surrounds the Pro Football Hall of Fame in Canton, Ohio. The company is developing Hall of Fame Village powered by Johnson Controls that is a multi-use sports, entertainment, and media destination. The mission of the village is to capitalize on the popularity of professional football and its legendary players.

To that end, the company is in the middle of a $300 million Phase 2 construction project that will put a luxury hotel, water park, retail buildings and a state-of-the-art performance center on the grounds of the Hall of Fame. It’s important to note that the Hall of Fame Village is separate from the Pro Football Hall of Fame which remains a 501(c) (3) not-for-profit educational........

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