Blog Entry

Linsanity? MSG stock hits all-time high

Posted on: February 13, 2012 1:32 pm
 
Posted by Royce Young

Jeremy Lin has done a lot of things. First, he's led the Knicks to an improbable five-game win streak. Second, he's scored more points in his first four starts than Shaquille O'Neal, Michael Jordan or Allen Iverson. Third, he's created a Tebow-esque NBA phenomenon with everyone losing their minds such as writing about a couch where he sleeps.

But fourth, he's given a major boost to not just the Knicks, but MSG's stock. Via the Wall Street Journal:
We have virtually no compunction about taking unsightly victory laps whenever we chance to hazard a decent guess on where the markets going. So allow us this quick trot around the MarketBeat velodrome, with Madison Square Garden’s shares up 4.1% early, schooling the broader S&P which is up a mere 0.5%. The stock hit an all-time high of $31.34 early Monday.

On Friday, we wondered aloud about whether the sports, entertainment and media company could get a bounce from the unheralded arrival of Jeremy Lin as the New York Knicks’ newly minted star point guard.

While it’s tough to prove, we think Lin’s 38-point performance against the Lakers Friday night, and his gutsy 20-point effort versus Minnesota Saturday — including hitting a free throw with less than 5 seconds left to lift the Knicks to their fifth straight win — might have something to do with it.

Newsday also reported that Nielsen ratings on the MSG Network jumped 36 percent. Linsanity is real, you guys. 

The WSJ report says it probably won't be a long-term boost for the shares because merchandise sales aren't typically a big driver for earning results for MSG. It's more about the eyeballs watching their network. There's a current dispute between MSG and Time Warner that's keeping Knicks games off a lot of TVs in the New York area, but some analysts thing that the Lin Mania could restart discussions. Why? Because there's money to be made.

Comments

Since: Apr 23, 2010
Posted on: February 13, 2012 9:28 pm
 

Linsanity? MSG stock hits all-time high

Who  know that was a stock.



Since: Mar 31, 2011
Posted on: February 13, 2012 7:44 pm
 

Linsanity? MSG stock hits all-time high

dlopwz711,

Nobody cares about hockey and 'Here' is not spelled 'Her'. Keep skating. 


dlopez711
Since: Feb 11, 2012
Posted on: February 13, 2012 5:55 pm
This comment has been removed.

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Soxfan-tinnitus
Since: Feb 10, 2012
Posted on: February 13, 2012 4:38 pm
This comment has been removed.

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Since: Sep 11, 2006
Posted on: February 13, 2012 3:54 pm
 

Linsanity? MSG stock hits all-time high

Great, just what I want to hear - that sports directly influence the stock market.  As if the NBA wasn't corrupt enough already.  And I'm sure the price of Super Bowl commercials went through the roof because the Giants and Patriots were in the game.  Terrific.  Boy, I remember when sports were an escape from things like this...



Since: Oct 5, 2007
Posted on: February 13, 2012 3:21 pm
 

Linsanity? MSG stock hits all-time high

By all indications, Jason Whitlock is not impressed.



Since: Feb 16, 2007
Posted on: February 13, 2012 3:15 pm
 

Linsanity? MSG stock hits all-time high

The Blue Shirts (NHL-Rangers) might have a little to do with this as well.
Talk about a nice surprise!



Since: Feb 2, 2009
Posted on: February 13, 2012 3:08 pm
 

Linsanity? MSG stock hits all-time high

Are you kidding me that stock would increase in value 36% because 5 great basketball games? If I owned the stock I'd sell it the day before Car-smello and Amare come back to the team and the Knicks go back to being a pale shadow of the Jets.
must stink to be from K.C. huh? trashing the new york teams who stand for and are much more important than the ENTIRE REGION OF KANSAS CITY. ur garbage



Since: Jan 6, 2012
Posted on: February 13, 2012 2:54 pm
 

Linsanity? MSG stock hits all-time high

Are you kidding me that stock would increase in value 36% because 5 great basketball games? If I owned the stock I'd sell it the day before Car-smello and Amare come back to the team and the Knicks go back to being a pale shadow of the Jets.



Since: May 6, 2009
Posted on: February 13, 2012 2:38 pm
 

Linsanity? MSG stock hits all-time high

MSG, Where amazing things happen.....literally!


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