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$188.24 -$0.83 (-0.4%)

02:06 PM EST on 03/04/24

Msg Networks Inc (NYSE:MSGS)

CAPS Rating: No stars

Current Price $188.24 Mkt Cap $4.5B
Open $189.12 P/E Ratio 118.41
Prev. Close $189.07 Div. (Yield) $0.00 (0.0%)
Daily Range $187.84 - $189.12 Volume 32,198
52-Wk Range $164.79 - $215.79 Avg. Daily Vol. 136,539


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108 Outperform
9 Underperform

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18 Outperform
0 Underperform

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Top NYSE:MSGS Bull/Bear Pitches

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

TMFDeej (84.03)
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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Recent Community Commentary

Read the most recent pitches from players about MSGS.


Member Avatar TMFBigFrog (81.61) Submitted: 1/13/2019 3:26:29 PM : Outperform Start Price: $265.53 NYSE:MSGS Score: -128.70

Potential to unlock value from its pending spinoff


Member Avatar TMFDeej (84.03) Submitted: 10/24/2016 10:00:59 AM : Outperform Start Price: $263.76 NYSE:MSGS Score: -122.82

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.



Member Avatar murphydevani (< 20) Submitted: 8/21/2015 8:27:43 AM : Underperform Start Price: $263.76 NYSE:MSGS Score: +122.82

Target $76 - $72 - $67


Find the members with the highest scoring picks in MSGS.

Score Leader


TrackBRogers (< 20) Score: +1,022.27

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

Member Name Member
Call Time
Score Commentary
dlomax77 71.63 2/18/2010 Outperform 5Y $18.39 +923.93% +365.81% +558.13 0 Comment
fightingcoward 91.14 3/12/2010 Outperform 3Y $18.83 +900.04% +344.02% +556.01 0 Comment
MATTEH 79.39 9/8/2010 Outperform 5Y $18.54 +916.02% +366.74% +549.28 0 Comment
stockworldpicks 70.32 3/23/2010 Outperform 5Y $19.27 +877.23% +339.16% +538.07 1 Comment
JohnnyOlson 87.58 5/4/2010 4/11/2016 Outperform 5Y $19.41 +870.49% +332.71% +537.78 0 Comment
thegambler76 38.85 9/2/2010 Outperform 5Y $18.82 +900.54% +370.85% +529.69 0 Comment
Ak66 77.24 8/30/2010 9/7/2011 Outperform 3Y $18.69 +907.71% +381.10% +526.60 1 Comment
jpmj 71.72 8/25/2010 8/4/2015 Outperform 5Y $18.59 +912.88% +388.58% +524.31 0 Comment
ayaghsizian 56.56 9/14/2010 Outperform 5Y $19.33 +874.33% +354.25% +520.08 0 Comment
DaGodfathers 55.30 8/31/2010 Outperform 5Y $18.71 +906.68% +388.71% +517.96 0 Comment

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