We're posting up notes from the 2013 Value Investing Congress in New York. Next up is Mark Boyar of Boyar Value Group. He pitched Madison Square Garden (MSG) as a long.
Mark Boyar's Value Investing Congress Presentation
Long Madison Square Garden (MSG)
He sees MSG worth $84 and they won't be forced to move the Garden since they own the building and have little incentive to move. He feels the real estate around the area will eventually increase in value.
Also, he wants the board to repurchase shares and issue a dividend since it generates around $300mm in cash every year. Boyar also noted that MSG shareholders could benefit if the Dolan family were to take MSG private.
Be sure to check out the other presentations from the New York VIC here.
Wednesday, September 18, 2013
Mark Boyar's Presentation on Madison Square Garden (MSG): Value Investing Congress
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