- MSGS provides an opportunity to own two of the most valuable trophy assets in the world.
- Near-term pandemic-related headwinds have scared off investors, but the long-term asset value of the Knicks and Rangers remains stable.
- Using a sum-of-the-parts analysis, we estimate the fair value of MSGS at $260, a 45% premium to Friday’s closing price.
- The current situation is an opportunity to take advantage of the Street’s short-sighted nature. MSGS is an attractive opportunity for patient, value-centric investors.
For further details see:
Madison Square Garden Sports: Best Of Breed Assets And 45% Upside