Added to YB: 2026-02-23
Pitch date: 2026-02-20
MSGS [neutral]
Madison Square Garden Sports Corp.
+11.58%
current return
Author Info
No bio for this author
Company Info
Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League.
Market Cap
$8.4B
Pitch Price
$316.51
Price Target
N/A
Dividend
N/A
EV/EBITDA
155.81
P/E
-376.19
EV/Sales
8.75
Sector
Entertainment
Category
special_situation
MSGS - Short Term Gain, Long Term Pain
MSGS (pass): Exploring spinoff of Knicks & Rangers to capture private market madness (Lakers/Celtics at 20x rev). But control premium is massive, minority stakes are illiquid speculation, NBA product declining (gambling scandals, revenue levers pulled, viewership down). Rangers at 6-8x rev (vs 10-11x fair) could work, but stay away from NBA minority stake at nosebleed multiples.
Read full article (3 min)