Question about MSG stock

[jetfaninkorea]

Does anyone know what percentage of their assets that the knicks account for?

I am trying to figure out how much of what the Knicks do would effect the stock price.

[Jungle Shift Jet]

Originally Posted by jetfaninkorea

Does anyone know what percentage of their assets that the knicks account for?

I am trying to figure out how much of what the Knicks do would effect the stock price.

Cablevision separated MSG 5 mos ago and split 5 for 4, 4 old CV = 4 new CV + 1 MSG.

MSG lost money in 06 and 08 and made $3.4M operating income in the 1st 3 qtrs of 09. In the same period in '09 the rest of CV had 975.7M income.

http://www.sportingnews.com/nba/arti...vision-spinoff

From last week's NYDN:

The Garden's stock has jumped with every suggestion the NBA MVP might sign with the New York Knicks, according to Crain's New York Business.

Getting King James in a Knicks jersey when he becomes a free agent July 1 would mean higher ratings on the MSG cable channel and bolster crowds at the the famed arena, analysts say.

He'd bring an immediate $10 million to $20 million bounce in revenue, Patrick Rishe, a professor of economics at Webster University, told Crain's.

"The addition of LeBron would put [the MSG network] at a different level," says Rich Golden of HN Media & Marketing.

Playoff appearances could be worth $25 million to $50 million and propel the value of the Knicks franchise - which Forbes put at $586 million in December - up by $150 million, Rishe said.

Caution-that's a big if. MSG stock closed Friday at 20.03 down from its high of $22.95...(opened around $17.50 in Feb and traded as low as $16.35)...it's already affected by the delay

http://www.nydailynews.com/money/201...ig_bounce.html

[fredmertz]

Originally Posted by jetfaninkorea

Does anyone know what percentage of their assets that the knicks account for?

I am trying to figure out how much of what the Knicks do would effect the stock price.

Forbes valued the Knicks at ~$580mm, about 40% of the current market cap of MSG.

Please, please, please do not invest in this stock based on your forecast for the Knicks.

MSG is currently what is called a "hedge fund hotel", meaning that every wiseguy hedge fund manager/sports fan owns the stock. They will bail on the stock en masse for any number of reasons, not the least of which would be them not signing Lebron.

[jetfaninkorea]

Do you see this stock as any more promising then previous sports stocks? I believe there were 4: packers, Indians, celtics and florida panthers.