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@thematictrader · Long MSGS
Read asLong MSGS
Since the call—
unrankedThe analyst's rank today
Medium · 0.87Confidence
Wed, Oct 14Tweeted
Thu, Oct 15 closeCounted from
not in the basket todayBasket
Rank per close
—Oct 15
9 Ventures@ThematicTraderNew Yorkers love the Knicks. Getting a piece of the Knicks as a standalone at a discount to its valuation seems like something there will be immense demand for. The standalones still likely trade at a discount, but that gap should narrow significantly. Also relatively low
9 Ventures@ThematicTraderI really like the Citrini $MSGS thesis ahead of the Oct 26 spin. It trades at roughly $10.8B of EV including the Garden lease, against $17B+ of estimated value between the Knicks and the Rangers, and recent comps like the ~$13B Lakers fire sale and Sportico's ~$13B Knicks mark