w******t
发帖数: 1929 | 1 would MSG keep going up more?
【 以下文字转载自 Basketball 讨论区 】
发信人: jewwel (神枪手), 信区: Basketball
标 题: zz-Linsanity propels MSG shares to record high
发信站: BBS 未名空间站 (Mon Feb 13 20:14:17 2012, 美东)
http://finance.yahoo.com/news/Linsanity-propels-MSG-shares-apf-
3815658009.html?x=0
Linsanity propels MSG shares to record high
Madison Square Garden shares advance as Lin propels Knicks; hope for
Time
Warner dispute
Associated PressBy Marley Seaman, AP Business Writer | Associated Press
– 1
hour 47 minutes ago
NEW YORK (AP) -- With the Knicks and Rangers on winning streaks and
Linsanity spreading through the sports world, shares of The Madison
Square
Garden Co. reached an all-time high Monday.
The Knicks have won a season-best five games in a row, and the
basketball
team's new point guard Jeremy Lin is a surprise hit of the NBA season.
Lin
has averaged 27 points and 8 assists over those five games and quickly
become a starter. As the NBA's first Asian-American player and a rare
Harvard alumnus in the pros, he's become an instant fan favorite in the
process, even though the team has still lost more games than it has won.
And MSG's hockey team, the Rangers, has won three games in a row and
leads
the Eastern Conference.
The winning streaks are good for MSG shares. "Rangers and Knicks fans do
tend to buy the stock when the teams are doing well," said Miller Tabak
analyst David Joyce.
The fervor for Lin may help MSG in its dispute with Time Warner Cable
Inc.,
too. Knicks games on the MSG network are not being broadcast on Time
Warner
Cable because of a dispute between the cable company and MSG, but Time
Warner may come back to the bargaining table so it can capitalize on the
teams' success and Lin's popularity. The dispute affects more than 2
million
Time Warner subscribers.
MSG said its ratings for Knicks games are up 52 percent during Lin's
four
starts compared to the rest of the season, and Saturday's win over the
Minnesota Timberwolves was the most-watched game of the season. Joyce
said
it's possible that those ratings could encourage Time Warner to start
new
negotiations. He said that about 30 percent of MSG subscribers get their
cable from Time Warner.
Wall Street isn't expecting a deal between the two sides during this
quarter
, Joyce said, so the revenue from any agreement between Time Warner and
MSG
could give the company a stronger-than-expected quarter.
Shares of Madison Square Garden Co. rose $1.17, or 3.8 percent, to close
at
$32.32 Monday. Earlier they peaked at $33.18, the highest point since
MSG's
stock began trading in January 2010. The shares are up over 10 percent
since
Feb. 3, the day before Lin first saw significant playing time.
MSG reported its second-quarter results on Wednesday. The company said
its
profit dropped because of the lockout that delayed and shortened the
current
NBA season. The Knicks played six regular-season and preseason games at
Madison Square Garden during the December quarter, down from 40 during
the
same quarter last year. Revenue from the MSG Sports business fell 31
percent
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