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Real-Money Stock Picks / Jim Royal


Subject:  Re: Madison Sq. Garden (MSG) (of course!) Date:  12/7/2018  6:07 PM
Author:  rtichy Number:  4361 of 5107

Well, my thinking was that they keep trying to get the stock to trade at more of a discount because of their overwhelming control, and when it doesn't work as much as they'd like, they spinoff the pieces they don't want as much. Eventually the teams are all alone and no one else can buy the teams in the open market from them, unless there is an ever-increasing price that exceeds their desire to own? So, they can sell the MSGN and MSG shares to buyback shares of the teams?

I don't know, though. They might not even be doing that. Maybe they don't even care that much. They're pretty bad at owning and running the Knicks. Probably better at something else like Cablevision.
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