Cut Down On Your MSG
When the New York Knicks let Harvard-educated point guard Jeremy Lin move on to the Houston Rockets, it was because the general manager of Madison Square Garden (MSG) thought the price to keep him was simply too high. But, in this, the company took the risk that the move may cut in to its future television and ticket revenue.
Now, MSG stock may also need to be considered as being too lofty. The company was spun off from Cablevision (CVC) in early 2010. At last week's close of $37.53, the stock was trading for about 31.5x estimated trailing earnings for the 12 months ended June 30. Official results are due for release Aug. 24....187 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.