Madison Square Garden Sports Corp (MSGS): A Bull Case Theory [Yahoo! Finance]
Madison Square Garden Sports Corp. Class A (New) (MSGS)
Company Research
Source: Yahoo! Finance
MSGS's forward P/E was 133.51 according to Yahoo Finance. NBA, NBA 2k, Kobe, Basketball Photo by Ramiro Pianarosa on Unsplash The Los Angeles Lakers were bought in 1979 for $67.5M and sold 46 years later for $10B, representing an average annual appreciation of 11.5% in value. Similarly, an investment in Madison Square Garden Sports Corp (MSGS), which owns the New York Knicks and Rangers, presents an opportunity. The teams are conservatively worth ~$11B, but the market cap is around $5B, implying a discount of half. This discount presents a compelling investment case, as the value of sports teams tends to appreciate over time. If the teams appreciate at 10-12% annually, but you buy MSGS at half price, the effective compounding rate would be 20-24% per year, excluding dividends. According to the Rule of 72, this would result in doubling the investment every 3.5 years. Over 35 years, this could lead to a 10-fold increase in investment value, turning $1K into $1M or $100K into $10
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News
- Pellera Technologies Named an Official Partner of the New York Rangers [Yahoo! Finance]Yahoo! Finance
- PELLERA TECHNOLOGIES NAMED AN OFFICIAL PARTNER OF THE NEW YORK RANGERS [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Pellera Technologies Named an Official Partner of the New York RangersBusiness Wire
- PELLERA TECHNOLOGIES NAMED AN OFFICIAL PARTNER OF THE NEW YORK RANGERSPR Newswire
- Madison Square Garden (NYSE:MSGS) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat