Madison Square Garden Co. (2.7%) (MSG – $161.80 – NYSE) (MSG, Financial) is an integrated sports and entertainment company that owns the New York Knicks, the New York Rangers, the Radio City Christmas Spectacular, The Forum, and that iconic New York venue, Madison Square Garden. These evergreen content and venue assets benefit from sustainable barriers to entry and long term secular growth. We believe the now complete transformation project, the rising value of sports franchises (as demonstrated by the sale of the Clippers), and share repurchases, should dramatically increase MSG’s per share value.
From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund fourth quarter 2015 commentary.
