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.
r
almost impossible to get any news on this stock
D
Is this oversold? The markets are still digesting the merger. Seems like a good entry point. It helps that the Knicks are somewhat relevant.
CNBC says they want to build MSG like arena's across the country, may be keeping stock down.
D
Why is this dropping?
J
MSGE is the classic opening trade post pandemic . Covid -19 checks will be used to watch the rangers/knicks(heading for playoffs) playing in the Garden.
I am adding to my position...this is a $100 stock
-Analyst Actions: JPMorgan Downgrades Madison Square Garden Entertainment to Neutral From Overweight, Adjusts Price Target to $105 From $100 BY MT Newswires
J
over sell
J
Merging with MSGN (MSG Networks) adds the sports gambling venue to entertainment. Brilliant acquisition as sports gambling will explode post epidemic. Covid -19 checks of $1400 go directly to sports betting. GO RANGERS!
A
Dipping because of an irrational tantrum over an acquisition. Love these dips. Callaway ($ELY) tanked to $15 when new broke that it'd be acquiring TopGolf. It only took a few weeks for investors to forget about it an $ELY then went to $30. Buying calls. Eassssssssssssy re-opening play.
J
Shareholders law suit to have merger reversed in play.
J
Wall Street does not like the merger. Major shareholder wants merger dissolved:
BY Dow Jones & Company, Inc. — 2:50 PM ET 03/29/2021 A shareholder of Madison Square Garden Entertainment ( MSGE ) and MSG Networks ( MSGN ) is criticizing a merger deal between the two companies as having "absolutely no strategic rationale" and for undervaluing MSG Networks ( MSGN ).In a letter Monday to James Dolan, the chairman of both companies, Jonathan Boyar of the Boyar Value Group wrote that the all-stock deal unveiled on Friday "grossly undervalues" MSG Networks ( MSGN ).
B
Buy the dip
J
DOLAN UBER ALLES!!!
Y
MSGE is down 6.44% to 103.78
m
So they bought at a DISCOUNT and yet the market doesn't seem to like the deal. Neither do I, to be honest, even though I think sports betting may be a very intersting and profitable venture. But that's not why I bought MSGE.
M
Investors hate this acquisition! So many analysts let you buy MSGE last month! Now you know why! It’s for them to take profit! It’s going to break 80 line tmr!
J
never trust the Dolan's. lesson learned. my whole thesis was that I didn't want to own MSGN, now they want to merge that garbage into this holding. come on.
E
Just got in.. looking forward to the future
S
where are we going, friends?
Y
MSGE is down 5.90% to 88.39
J
people starting to realize what the best reopening play was. not too late. welcome.
CNBC says they want to build MSG like arena's across the country, may be keeping stock down.
I am adding to my position...this is a $100 stock
-Analyst Actions: JPMorgan Downgrades Madison Square Garden Entertainment to Neutral From Overweight, Adjusts Price Target to $105 From $100
BY MT Newswires
BY Dow Jones & Company, Inc.
— 2:50 PM ET 03/29/2021
A shareholder of Madison Square Garden Entertainment ( MSGE ) and MSG Networks ( MSGN ) is criticizing a merger deal between the two companies as having "absolutely no strategic rationale" and for undervaluing MSG Networks ( MSGN ).In a letter Monday to James Dolan, the chairman of both companies, Jonathan Boyar of the Boyar Value Group wrote that the all-stock deal unveiled on Friday "grossly undervalues" MSG Networks ( MSGN ).