Last report was for Q3 2021. Q4 and forward will be much better.
c
2.1bn for this set of unique assets? It's a joke. Looking to add more if it falls below 60.
J
hard sell here !
Y
Madison Square Garden Entertainment is down 5.38% to 65.57
Y
Madison Square Garden Entertainment is down 5.18% to 69.13
P
50 day crossed 200 day MA, hoping for a run soon. Thinking of selling at 90, but cost basis is $63. Gonna be a hard choice
Y
Madison Square Garden Entertainment is down 5.23% to 77.69
Y
Madison Square Garden Entertainment is up 6.74% to 75.17
J
John Rogers Ariel funds doubled down on MSGE in Q3. Now it’s largest holding. Also took a position in sports.
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
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
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
they used the fcf from msgn to refinance the 7% debt notes msge took out during the pandemic. wow. that's fantastic.
c
"New York, New York"
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.
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
J
garden is open for business. 2k fans permitted starting Feb 23rd.
D
Why is this dropping?
E
Stock is at least $95-105 fair value
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?
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.