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Madison Square Garden Entertainment Corp. (MSGE)

NYSE - NYSE Delayed Price. Currency in USD
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64.83-0.46 (-0.70%)
At close: 04:00PM EDT
64.83 +0.07 (+0.10%)
After hours: 04:01PM EDT
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  • P
    PITBOSS
    Last report was for Q3 2021. Q4 and forward will be much better.
  • c
    contrarian
    2.1bn for this set of unique assets? It's a joke. Looking to add more if it falls below 60.
  • 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
  • P
    PITBOSS
    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
    Yahoo Finance Insights
    Madison Square Garden Entertainment is down 5.23% to 77.69
  • Y
    Yahoo Finance Insights
    Madison Square Garden Entertainment is up 6.74% to 75.17
  • J
    James
    John Rogers Ariel funds doubled down on MSGE in Q3. Now it’s largest holding. Also took a position in sports.
  • 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
  • J
    Janet
    garden is open for business. 2k fans permitted starting Feb 23rd.
  • D
    Dennis
    Why is this dropping?
  • E
    Eddie
    Stock is at least $95-105 fair value
  • G
    GNOME ON THE RANGE
    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?