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A Couple of Tip-Offs at Madison Square Garden

1/18/2013
By David Urani

Who says you can't do stock analysis while you're watching SportsCenter? In hindsight, if you're a sports fan you could have caught this one with Madison Square Garden (MSG) up 9% so far this year. As it turns out, the Knicks are actually good this year after what seems like ages of over-spending and under-achieving. Carmelo Anthony is a front-runner for MVP this year as New York stands second place in the East behind the Heat.

Add to that a long-awaited agreement in the NHL lockout that will have the Rangers back on the ice. Not only will there be a hockey season, but the final deal may have leaned in the owners' favor, who will take a 50% split of revenue versus 43% previously.

Perhaps they can in fact fill all the seats after those fancy new renovations to the stadium.

David Urani
Wall Street Strategies

Charles Payne, Wall Street Strategies CEO, appears every week on FOX News Business shows including Bulls & Bears, Cashin' In, Cavuto and FOX and Friends.

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