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.
Y
Madison Square Garden Entertainment is up 6.23% to 67.00
G
Billy Joel thrilled a sold-out crowd at MSG last night and the Dave Matthews Band will be performing next weekend. The Knicks & Rangers have been averaging over 17,000 fans a night and the Rockettes are kicking it at RCMH, the season started on November 5th. Looks like a great reopening investment now, perhaps an upgrade next week after earnings (10:00 a.m. Eastern Time) on Tuesday?
Refused to sell this because I've been so solid in my thesis. Done the numbers a million times, it just didn't make sense and knew eventually itd kick back to fair value and maybe even price in some growth w the sphere. we're getting there.
J
Is this just the market freaking about the Nu variant or have I missed something?
c
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.
J
Pretty meh, MSGN bleeding out to a slow death still, 6.5% decrease in subscribers and 16m decrease in revenue from the pandemic. Hospitality just starting to wake up. Next quarter we ride.
Y
Madison Square Garden Entertainment is down 6.20% to 64.46
J
John Rogers Ariel funds doubled down on MSGE in Q3. Now it’s largest holding. Also took a position in sports.
J
It’s overpriced for a company doesn’t have profit. Wait until it rocks bottom and buy more shares.
B
Significantly under fair value. Revenue is really picking quarter by quarter (more than doubled qoq). Earnings are expected to grow well over 100% with revenue growth of 37% per year from here. Price/book is under 1 now. MSGE beginning to reopen just about everything now.
J
The price is overrated for a 6 months old company that has made zero profit.
Y
Madison Square Garden Entertainment is down 6.47% to 64.42
E
Knicks season starts in 2 weeks... Covid restrictions ease November 1st..... This stock is a Ewing slam dunk to go to 80 and probably much higher which is why I bought options and more stock at these levels.
Y
Madison Square Garden Entertainment is down 6.04% to 76.59
Y
Madison Square Garden Entertainment is up 5.58% to 77.53
E
Boom! Multi year Verizon deal!!
J
good lord.
B
The China crackdown should bode well for MSGE. Places where MSGE has a presence like NYC, Vegas, and London should see a big increase in tourism due to China's actions against pretty much anything entertainment related.
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.