Troy Bayer
Growth at reasonable price, small-cap, energy, media

NBA's New Collective Bargaining Agreement Could Pose High Risk To Madison Square Garden

It is no accident that the soaring performance of The Madison Square Garden Company's (NASDAQ:MSG) stock directly coincides with the New York Knicks' best season in well over a decade. In the 2012-13 NBA season, the Knicks won the Atlantic Division for the first time since 1993-94, won their first playoff series since 2000, and superstar Carmelo Anthony won the scoring title. As a result, shares of MSG climbed from $40 on October 1st, 2012 to a high of $62 during the Knicks' playoff run. The largest market in sports has Knicks fever, which is clearly a boom for MSG stock.

The Knicks' recent success has translated to sold out games and increased TV ratings for the MSG...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details