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Madison Square Garden Entertainment Corp. (MSGE)

NYSE - Nasdaq Real Time Price. Currency in USD
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53.40+0.96 (+1.83%)
At close: 04:00PM EDT
53.40 0.00 (0.00%)
After hours: 05:00PM EDT
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  • c
    contrarian
    There are a few immediate catalysts in my view. The Vegas Sphere opening in 2023, the DTC product launch for the networks and buybacks starting just as the Dolans did prior to their spin-off engineering and then of course a full recovery of core business, which is a luxury product I expect to continue to do well. Risks: cost overshoot on the Sphere, RSN still bleeding,
  • b
    bernard
    If MSGEs primary assets were in Miami, e.g., the stock would be above 120$ even in this market.
    Since it’s Eric Adams territory where crime is rampant and anyone with a few bucks is on a waiting list out its tough imagining MSGE trading above 49$ for the foreseeable future.
  • P
    PITBOSS
    Book value per share is 103.41.
  • b
    bernard
    Say hello to the 40’s.
    Not much here to like when most of their stuff is in Democrat led barns.
  • b
    bernard
    Will nibble a little bit on this in the low 40s and that’s providing Eric Adams is out as mayor.
  • '
    '
    down 27% with NO DIVIDEND!! BUY QUALITY AND NOT A STOCK WITH A minus roe!!
  • c
    contrarian
    2.1bn for this set of unique assets? It's a joke. Looking to add more if it falls below 60.
  • P
    PITBOSS
    Last report was for Q3 2021. Q4 and forward will be much better.
  • J
    JT_kirk20
    hard sell here !
  • Y
    Yahoo Finance Insights
    Madison Square Garden Entertainment is down 5.38% to 65.57
  • Y
    Yahoo Finance Insights
    Madison Square Garden Entertainment is down 5.18% to 69.13
  • J
    James
    John Rogers Ariel funds doubled down on MSGE in Q3. Now it’s largest holding. Also took a position in sports.
  • Y
    Yahoo Finance Insights
    Madison Square Garden Entertainment is down 5.23% to 77.69
  • R
    R
    Madison Square Garden alone is worth the market cap...and they have a billion in cash. It doesn't make sense. I thought this would be the top opening up play.
  • J
    Janet
    Looks like they are making a HUGE vegas play. Just acquired Hakkasan, Wet Republic and Omnia. They pretty much own the Vegas night scene now.
  • s
    spicefiend
    Can anyone tell me why the merger is bad for MSGE shareholders when MSGN appears to be highly profitable? To me, it looks bad for MSGN stockholders, but positive for MSGE stockholders. 900 million for MSGN seems like a favorable price for MSGN.
  • J
    Janet
    they used the fcf from msgn to refinance the 7% debt notes msge took out during the pandemic. wow. that's fantastic.
  • c
    contrarian
    "New York, New York"
  • c
    contrarian
    Sum of the parts analysis, conservatively calculated:

    MSG Arena 1500m
    Radio City Music Hall/Xmas Spectacular 200m
    Beacon Theater, Hulu, Chicago Theater, Rockettes 200m
    Tao/Hakkasan 400m (way below purchase prices)
    Networks 800m
    Cash 1170m
    air rights 500m (probably triple due to Penn Station renovation and Vornado activities)
    Sphere 0m (may fail)

    - 954m debt

    = 3.616 bn USD enterprise value minimum. Equates to 50% upside minimum in the stock valuation.
  • R
    R
    This stock seems like one of the most undervalued when you consider the Garden alone is worth market cap...If they ever got rid of Dolan this thing probably doubles. Im buying, Im guessing most people dont know the stock