Sat, Jul 26, 2014, 3:49 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

The Madison Square Garden Company Message Board

  • spinoffdude spinoffdude May 13, 2010 4:44 PM Flag

    Now Forbes is jumping on the wagon.

     

    MSG Brand Shines Despite Its Teams
    May 11, 2010 - 9:55 am
    Michael K. Ozanian, National Editor at Forbes

    The Knicks are terrible and the Rangers missed the playoffs for the first time since 04. Fans and Wall Street are pissed. Since its January IPO shares of Madison Square Garden are down 3% while the S&P is up 2%. But the MSG brand is still scoring. The recently released 10q shows revenue up 9% for the March quarter year-over-year and an operating profit of $30 million versus a loss of $2 million. Most of the credit goes to the regional sports network which is benefiting from higher contractual affiliation rates and more subscribers. More money is also pouring in from radio advertising. An enterprise value-sales-ratio of 1.6 makes the stock cheap. What if the teams become good?

    This topic is deleted.
 
MSG
60.26-0.09(-0.15%)Jul 25 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.