$269.65 -$9.29 (-3.3%)

04:00 PM EST on 11/11/19

Msg Networks Inc (NYSE:MSG)

CAPS Rating: 4 out of 5

Current Price $269.65 Mkt Cap $6.7B
Open $277.76 P/E Ratio 0.00
Prev. Close $278.94 Div. (Yield) $0.00 (0.0%)
Daily Range $263.26 - $277.76 Volume 105,916
52-Wk Range $247.76 - $315.75 Avg. Daily Vol. 170,098

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All Players

113 Outperform
12 Underperform
 

All-Star Players

29 Outperform
3 Underperform
 

Wall Street

7 Outperform
2 Underperform
 

Top NYSE:MSG Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

TMFDeej (97.67)
Submitted October 24, 2016

This week's Barron's had a great article in it called called "Barron’s AOSI Conference: 21 Picks From Investing Pros." It had a very similar feel to the bi-annual Barron's Roundtable, which I always love. Where a panel of investing experts (some more… More

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NYSE:MSG VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about MSG.

Recs

0
Member Avatar TMFBigFrog (94.15) Submitted: 1/13/2019 3:26:29 PM : Outperform Start Price: $277.91 NYSE:MSG Score: -23.02

Potential to unlock value from its pending spinoff

Recs

1
Member Avatar TMFDeej (97.67) Submitted: 10/24/2016 10:00:59 AM : Outperform Start Price: $276.05 NYSE:MSG Score: -19.11

This week's Barron's had a great article in it called called "Barron’s AOSI Conference: 21 Picks From Investing Pros." It had a very similar feel to the bi-annual Barron's Roundtable, which I always love. Where a panel of investing experts (some more expert than others IMHO) present their thoughts on the market in general and even better some of their specific stock picks right now in a fairly rapid-fire format.

Here's a few interesting ideas that I liked from the piece.

First up is one of my favorite investing voices, Mario Gabelli. His investment style has a somewhat special situation apect to it, so he always has some interesting ideas. One that I liked from this article was his long thesis for the recent Hertz (HTX) spinoff Herc Holdings (HRI). From the article:

Whether Hillary Clinton or Donald Trump becomes president, there is going to be more infrastructure spending. This country has real problems—25% of our 600,000-plus bridges are in need of significant repair. Our roads are challenged, as are our airports. Equipment rental, Herc’s specialty, is a play on infrastructure investment. There are several public companies in the business. Herc has a about a 3% market share. The company was spun out of Hertz Global Holdings [HTZ]. It sells for $30, and there are 28 million shares outstanding.

Herc is an early-stage turnaround. The company’s Ebitda margin is 35%, compared with competitors’ 48%. Herc has to improve. The company has an economic tail wind, plus it is a fixer-upper. The stock has a shot at doubling. There are air pockets in the short term, with the cost of being public and Hertz-related legal issues.

Another idea that Gabelli has been touting for a while is Madison Square Garden (MSG). Keeping with the special situation and value theme, MSG is a former spinoff that appears to be cheap on a SOTP [Sum-of-the-parts] basis:

Madison Square Garden has been involved in a lot of financial engineering. It was spun out of Cablevision Systems. Madison Square Garden has 24 million shares outstanding. The stock is $165, and the market cap is around $4 billion. The company has about $1.5 billion of net cash, and you get the air rights over the Garden, which could be sold for $400 million to $600 million. There are ways to structure a deal to reduce the tax impact.

MSG also gives you exposure to e-sports and e-gaming. Plus, the company owns numerous entertainment venues in addition to the Garden. Throw in the New York Rangers hockey franchise, which is worth about $900 million, and you get the New York Knicks for free. They are probably worth more than $1 billion. Add up these assets, and the company is worth between $210 and $275 a share and growing...

I disagree with Gabelli that the involvement of the Dolan family is a plus for MSG, I personally view it as a major negative and one of the reasons why I don't actually own shares yet, but nonetheless this is an interesting situation to keep an eye on.

The next interesting idea that I found in the article was presented by another Roundtable vet, Oscar Schafer. It involves a former Special Purpose Acquisition Company (SPAC) that I've been following since inception. Much like other roll-up SPACs including Valeant (VRX) and Platform Specialty Products (PAH), Nomad Foods' (NOMD) stock was once a high flier that has come crashing back down to earth. While, Valeant is involved in drugs and Platform chemicals, Nomad is a European frozen food roll-up. Here's what Schafer has to say about the company:

You’re finding bargains among small-cap stocks. What is alluring about Nomad Foods [NOMD]?

Schafer: Nomad Foods distributes Iglo and BirdsEye frozen foods in Europe. The stock went public at $10 a share, rallied to $22, and then fell to single digits. Nomad is a platform company; it acquires companies in the packaged-foods arena to add to its platform. Hedge fund manager Bill Ackman, who also owns Valeant Pharmaceuticals International [VRX], is a big holder.

Problems at Valeant and other platform companies hurt Ackman and his followers. The company also had a few marketing hiccups. Nomad could earn $1.25 a share in the next several years. If it does so, the stock could trade closer to $20 than $12.

How does Nomad’s P/E multiple compare with the rest of the food group’s?

Nomad trades for 11 times next year’s estimated earnings. Pinnacle Foods [PF], in the U.S., is similarly sized, yet trades for 2.5 times the enterprise value of Nomad.

Here's a link to the article. It's definitely worth a read.

Barron’s AOSI Conference: 21 Picks From Investing Pros

The stock market looks too rich to our investment experts, but Sony, Microsoft, Whirlpool seem too cheap.

http://www.barrons.com/articles/barrons-aosi-conference-21-picks-from-investing-pros-1477109906

Jason

Recs

0
Member Avatar murphydevani (< 20) Submitted: 8/21/2015 8:27:43 AM : Underperform Start Price: $276.05 NYSE:MSG Score: +19.11

Target $76 - $72 - $67

Leaderboard

Find the members with the highest scoring picks in MSG.

Score Leader

dlomax77

dlomax77 (81.99) Score: +1,120.66

The Score Leader is the player with the highest score across all their picks in MSG.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
dlomax77 81.99 2/18/2010 Outperform 5Y $19.25 +1,300.78% +180.11% +1,120.66 0 Comment
MATTEH 85.55 9/8/2010 Outperform 5Y $19.40 +1,289.95% +180.68% +1,109.27 0 Comment
fightingcoward 82.76 3/12/2010 Outperform 3Y $19.71 +1,268.09% +167.02% +1,101.07 0 Comment
jpmj 68.44 8/25/2010 8/4/2015 Outperform 5Y $19.46 +1,285.66% +193.81% +1,091.86 0 Comment
Ak66 41.34 8/30/2010 9/7/2011 Outperform 3Y $19.56 +1,278.58% +189.31% +1,089.27 1 Comment
thegambler76 47.23 9/2/2010 Outperform 5Y $19.70 +1,268.78% +183.15% +1,085.63 0 Comment
DaGodfathers 34.60 8/31/2010 Outperform 5Y $19.58 +1,277.17% +193.89% +1,083.28 0 Comment
stockworldpicks 80.49 3/23/2010 Outperform 5Y $20.17 +1,236.89% +164.09% +1,072.80 1 Comment
JohnnyOlson 90.42 5/4/2010 4/11/2016 Outperform 5Y $20.31 +1,227.67% +160.21% +1,067.46 0 Comment
MisterHarleyQuin 63.19 6/29/2010 9/18/2015 Outperform 5Y $19.87 +1,257.07% +190.84% +1,066.23 0 Comment

Wall Street

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