MSG Stock Price Watch

cgmw · Post #161 » by **cgmw** » Thu Jul 19, 2012 1:30 am

cc, I've posted over 10,000 messages about the Knicks on a message board since 2003. I'm fully aware of what an idiot I am, which is precisely why I'm so upset with Jim Dolan's merciless control over my stupid emotions.

blackbishop · Post #162 » by **blackbishop** » Thu Jul 19, 2012 1:31 am

Marty McFly wrote:
The discussion about the Jeremy Lin non-signing has mostly portrayed the Knicks' decision to let Lin walk as the deeply considered output of a complex financial calculus. Well, apparently not! The Knicks didn't match Houston's contract offer because their owner, James Dolan had his wittle feelings hurt by Jeremy Lin's totally standard and predictable decision to hit up the Rockets for more money. (The Knicks weren't exactly cagey about their eagerness to re-sign Lin, remember. "They will match any offer on Lin up to 1 billion dollars," someone told ESPN's Marc Stein. Why can't the Knicks play in my poker game?)

Anyway, a very good and very popular Knick is in Houston now, apparently because James Dolan had a sad. In light of this news, there's only one question left to answer. Is James Dolan an asswipe? Or is he a schmuck? You tell us in the discussion below.

http://deadspin.com/5927196/msg-chairma ... ts-discuss

why is it so hard to believe that the knicks did not value LIN all that highly. Grunwald and woodson who see him in practice every day were gun-ho on getting a veteran PG to team him with. They must have been doing that for some reason. Once his contract blew up, may be it was the knicks braintrust, that decided he just was not worth 40 mil plus in that third year.

Teams wanted PGs but only one made an offer. Probably others were scared off by houston's initial offer. Now think about what they thought of the final offer.

Well, drama is done. LIN is in houston.

MSG is business as usual. Knicks didnt even feel the need to do any damage control. That should tell you something as well. No spin is coming from MSG unlike someone who is now in houston.

[GR] · Post #163 » by **[GR]** » Thu Jul 19, 2012 1:32 am

darren rovell ‏@darrenrovell

Jeremy Lin’s greatest value was forcing Time Warner to do a deal with MSG. Meant more than ticket sales, merchandise or any other factor.

darren rovell ‏@darrenrovell

Wonder how much less Nike thinks Lin is worth in Houston.

darren rovell ‏@darrenrovell

Remember Nike had a contract with Yao when he was in China & let Reebok sign him after his rookie year ‪#historylesson

2h darren rovell darren rovell ‏@darrenrovell

If you factor in all the days since rumors emerged that Lin was leaving Knicks, MSG stock price is down on fear revenues won’t be the same.

darren rovell ‏@darrenrovell

Analysts who cover MSG however say that fear will give way to reality that most revenues are already fixed.

darren rovell ‏@darrenrovell

Volvo is trying to use Lin to sell cars in China. They only have a 0.3% share. Toyota, whose name is on Rockets arena, has a 4.3% share.

ccvle · Post #164 » by **ccvle** » Thu Jul 19, 2012 1:39 am

cgmw wrote:cc, I've posted over 10,000 messages about the Knicks on a message board since 2003. I'm fully aware of what an idiot I am, which is precisely why I'm so upset with Jim Dolan's merciless control over my stupid emotions.

i learned over the years to not set any high expectations of this team. I still follow the knicks after all these years , but I feel like it is the team's job to earn my trust. I don't believe in Amare. I don't believe in Carmelo. I liked Lin but I wasn't a 100% believer. Some people might say that I'm just a bandwagon fan, but shouldn't the players earn it first?

cgmw · Post #165 » by **cgmw** » Thu Jul 19, 2012 1:40 am

21shumpst wrote:Nate Silver ‏@fivethirtyeight
So far this week: MSG (Knicks) stock has underpeformed market by 3.3% on Lin news. Equivalent to $90m in lost market value.

I never took my Series 7, but I know that if we kept Lin the stock would be worth $90M more right now. Saying we let him go because it would be a bad financial decision to keep him seems farfetched to say the least.

cgmw · Post #166 » by **cgmw** » Thu Jul 19, 2012 1:43 am

ccvle wrote:
cgmw wrote:cc, I've posted over 10,000 messages about the Knicks on a message board since 2003. I'm fully aware of what an idiot I am, which is precisely why I'm so upset with Jim Dolan's merciless control over my stupid emotions.

i learned over the years to not set any high expectations of this team. I still follow the knicks after all these years , but I feel like it is the team's job to earn my trust. I don't believe in Amare. I don't believe in Carmelo. I liked Lin but I wasn't a 100% believer. Some people might say that I'm just a bandwagon fan, but shouldn't the players earn it first?

See, I know what a douchebag JR Smith is. But he puts on that uniform, and I root for him like he's my own brother or something. It's horrible, and I have no control over it. I rooted for Eddy Curry and Stephon F*ING Marbury. Not proud of it, but I did.

Kampuchea · Post #167 » by **Kampuchea** » Thu Jul 19, 2012 1:44 am

cgmw wrote:
21shumpst wrote:Nate Silver ‏@fivethirtyeight
So far this week: MSG (Knicks) stock has underpeformed market by 3.3% on Lin news. Equivalent to $90m in lost market value.

I never took my Series 7, but I know that if we kept Lin the stock would be worth $90M more right now. Saying we let him go because it would be a bad financial decision to keep him seems farfetched to say the least.

ccvle · Post #168 » by **ccvle** » Thu Jul 19, 2012 1:47 am

cgmw wrote:
ccvle wrote:
cgmw wrote:cc, I've posted over 10,000 messages about the Knicks on a message board since 2003. I'm fully aware of what an idiot I am, which is precisely why I'm so upset with Jim Dolan's merciless control over my stupid emotions.

i learned over the years to not set any high expectations of this team. I still follow the knicks after all these years , but I feel like it is the team's job to earn my trust. I don't believe in Amare. I don't believe in Carmelo. I liked Lin but I wasn't a 100% believer. Some people might say that I'm just a bandwagon fan, but shouldn't the players earn it first?

See, I know what a douchebag JR Smith is. But he puts on that uniform, and I root for him like he's my own brother or something. It's horrible, and I have no control over it. I rooted for Eddy Curry and Stephon F*ING Marbury. Not proud of it, but I did.

I can respect that. But my life is too stressful as is for me to worry about the Knicks. I'm sure, if the knicks do win a championship in the near future, the satisfaction would be much higher for fans like you and deservedly so.

cgmw · Post #169 » by **cgmw** » Thu Jul 19, 2012 1:47 am

Moz, the Knicks will still be profitable without Jeremy. I f*king get it. Believe me (and my thousands of dollars of tickets for next season), I get it.

But keeping him still translates into $90M more market cap right now and probably more than they would have otherwise had later. Just because MSG is going to make money without Jeremy, doesn't mean they wouldn't have made more with him.

adrenaLINe · Post #170 » by **adrenaLINe** » Thu Jul 19, 2012 1:50 am

why are you guys arguing ive had almost 25 years of experience as a stock trader, pro trader... for banks and financial firms...

of course this is just a short term blip...

but there is no denying there was a Lin effect on the rise of the stock and a Lin effect on its current decline...

cgmw · Post #171 » by **cgmw** » Thu Jul 19, 2012 1:52 am

adrenaLINe wrote:why are you guys arguing

Honestly, because I'm bored and a world-class procrastinator.

G'night boys. See you when the market opens.

Kampuchea · Post #172 » by **Kampuchea** » Thu Jul 19, 2012 1:53 am

cgmw wrote:Moz, the Knicks will still be profitable without Jeremy. I f*king get it. Believe me (and my thousands of dollars of tickets for next season), I get it.

But keeping him still translates into $90M more market cap right now and probably more than they would have otherwise had later. Just because MSG is going to make money without Jeremy, doesn't mean they wouldn't have made more with him.

the impact of any one player on the true value of MSG stock is minimal, and the Dolans of the world are not concerned with short term fluctuations of the stock. They are concerned with the long term and MSG is set regardless of Lin.

They arent looking at this and saying they love it (unless they are in buy mode right now), but I am just saying that Dolan and his largest investors place huge emphasis on the long term and are pleased with the expected growth. They could give a **** about the small time emotional piss-ant investors buying ans selling every day.

daba · Post #173 » by **daba** » Thu Jul 19, 2012 1:55 am

adrenaLINe wrote:why are you guys arguing ive had almost 25 years of experience as a stock trader, pro trader... for banks and financial firms...

of course this is just a short term blip...

but there is no denying there was a Lin effect on the rise of the stock and a Lin effect on its current decline...

Bingo. I'm still waiting to sell my damn call options on MSG too. Hopefully we have an up day tomorrow so I can get out of MSG. Without the Lin effect it's not the stock I want to own.

Kampuchea · Post #174 » by **Kampuchea** » Thu Jul 19, 2012 1:55 am

yeah, screw this topic for now. There is a reason i am moving to China in a week and leaving behind the boredom of the financial world for a couple years.

kinein · Post #175 » by **kinein** » Thu Jul 19, 2012 1:56 am

MozTheMan wrote:yeah, screw this topic for now. There is a reason i am moving to China in a week and leaving behind the boredom of the financial world for a couple years.

Envy.

cgmw · Post #176 » by **cgmw** » Thu Jul 19, 2012 1:58 am

MozTheMan wrote:
cgmw wrote:Moz, the Knicks will still be profitable without Jeremy. I f*king get it. Believe me (and my thousands of dollars of tickets for next season), I get it.

But keeping him still translates into $90M more market cap right now and probably more than they would have otherwise had later. Just because MSG is going to make money without Jeremy, doesn't mean they wouldn't have made more with him.

the impact of any one player on the true value of MSG stock is minimal, and the Dolans of the world are not concerned with short term fluctuations of the stock. They are concerned with the long term and MSG is set regardless of Lin.

They arent looking at this and saying they love it (unless they are in buy mode right now), but I am just saying that Dolan and his largest investors place huge emphasis on the long term and are pleased with the expected growth. They could give a **** about the small time emotional piss-ant investors buying ans selling every day.

Fine dude. I'm not disagreeing with any of that. Actually, I agree with all of it. Actually, I honestly couldn't give a sh*t about any of it and never have, really.

Short-term or not, Lin's undeniable effect on the stock makes it seem kind of ridiculous to say it was a financial decision to let him go.

kinein · Post #177 » by **kinein** » Thu Jul 19, 2012 2:02 am

Handledatruth wrote:When Steve Jobs died there was an emotional reaction that hit Apple's stock temporarily. This emotional reaction is what I am comparing. Linsanity is over, there's an emotional reaction to it, but in the end MSG still makes money with or without Lin.

You didn't seriously compare steve jobs to jeremy lin.

Also, it appears you don't actually know the details to Jobs because if you did. You would know that it came out shortly in Silicon Valley (I'm a techie) that he left a 4 year plan for Apple. That ever since he has passed away the products the strategies its all been planned out for the next 4 years. Well long enough time for the new guy to get acclimated to the vision of Jobs and take it from there.

Jeremy Lin did not leave his clone in NY. You can't compare Jobs to Lin at all. Other than they both were from Palo Alto.

DocZaius · Post #178 » by **DocZaius** » Thu Jul 19, 2012 2:48 am

Meh, that stock will rise back to the Lin level eventually

I never put too much hope that it really correlated with Lin

That's just the nature of the market

lazard · Post #179 » by **lazard** » Thu Jul 19, 2012 2:28 pm

DJIA up .18%, MSG down .73%. 10th day in the red in 11 trading sessions.

lazard · Post #180 » by **lazard** » Thu Jul 19, 2012 2:30 pm

AP -

The team announced its decision Tuesday night and its 72-hour window to match the Rockets' offer expired at midnight. Shares of MSG fell a combined 6.5 percent combined Monday and Tuesday and were trading slightly lower Wednesday afternoon, down 54 cents to $35.38. Earlier the stock lost as much as 1.8 percent.

Despite the excitement Lin brought to the team's fan base and the potential revenue he represented, the contract could have cost the Knicks millions of dollars in additional salary cap penalties in the 2014-15 season.

Bloomberg reported Wednesday that at least two Knicks sponsors are not renewing one-year deals with the team. Still, Lin helped make MSG a significant amount of money. Shares of the company are up 22 percent since Linsanity began in early February. The fervor surrounding Lin helped MSG's bargaining position in a dispute with Time Warner Cable, and about two weeks in Lin's storybook run, the companies came to terms on a new contract and MSG was back on the air for around 2 million New York-area Time Warner Cable subscribers.

http://finance.yahoo.com/news/msg-share ... 47292.html