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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 10.84
NYSE:MSG's Cash-to-Debt is ranked higher than
77% of the 857 Companies
in the Global Leisure industry.

( Industry Median: 0.69 vs. NYSE:MSG: 10.84 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:MSG' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.84  Med: No Debt Max: No Debt
Current: 10.84
Equity-to-Asset 0.67
NYSE:MSG's Equity-to-Asset is ranked higher than
69% of the 844 Companies
in the Global Leisure industry.

( Industry Median: 0.53 vs. NYSE:MSG: 0.67 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:MSG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56  Med: 0.72 Max: 0.74
Current: 0.67
0.56
0.74
Piotroski F-Score: 4
Altman Z-Score: 2.89
Beneish M-Score: -2.48
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % -1.14
NYSE:MSG's Operating Margin % is ranked lower than
78% of the 859 Companies
in the Global Leisure industry.

( Industry Median: 8.15 vs. NYSE:MSG: -1.14 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:MSG' s Operating Margin % Range Over the Past 10 Years
Min: -12.48  Med: -5.26 Max: -0.04
Current: -1.14
-12.48
-0.04
Net Margin % -3.81
NYSE:MSG's Net Margin % is ranked lower than
78% of the 858 Companies
in the Global Leisure industry.

( Industry Median: 4.82 vs. NYSE:MSG: -3.81 )
Ranked among companies with meaningful Net Margin % only.
NYSE:MSG' s Net Margin % Range Over the Past 10 Years
Min: -12.8  Med: -6.93 Max: -3.8
Current: -3.81
-12.8
-3.8
ROE % -1.83
NYSE:MSG's ROE % is ranked lower than
76% of the 832 Companies
in the Global Leisure industry.

( Industry Median: 5.52 vs. NYSE:MSG: -1.83 )
Ranked among companies with meaningful ROE % only.
NYSE:MSG' s ROE % Range Over the Past 10 Years
Min: -12.71  Med: -7.58 Max: -1.83
Current: -1.83
-12.71
-1.83
ROA % -1.31
NYSE:MSG's ROA % is ranked lower than
76% of the 868 Companies
in the Global Leisure industry.

( Industry Median: 2.57 vs. NYSE:MSG: -1.31 )
Ranked among companies with meaningful ROA % only.
NYSE:MSG' s ROA % Range Over the Past 10 Years
Min: -6.73  Med: -4.38 Max: -1.31
Current: -1.31
-6.73
-1.31
ROC (Joel Greenblatt) % -3.87
NYSE:MSG's ROC (Joel Greenblatt) % is ranked lower than
82% of the 863 Companies
in the Global Leisure industry.

( Industry Median: 9.60 vs. NYSE:MSG: -3.87 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:MSG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.05  Med: -8.08 Max: -3.12
Current: -3.87
-10.05
-3.12
GuruFocus has detected 2 Warning Signs with The Madison Square Garden Co $NYSE:MSG.
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» NYSE:MSG's 30-Y Financials

Financials (Next Earnings Date: 2017-11-11 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

MSG Guru Trades in Q2 2016

Steven Cohen 56,600 sh (New)
Paul Tudor Jones 4,028 sh (+15.25%)
Jim Simons 72,600 sh (+11.18%)
John Rogers 490,416 sh (+4.17%)
First Pacific Advisors 34,100 sh (+3.02%)
Mario Gabelli 930,735 sh (+0.54%)
Ray Dalio Sold Out
First Eagle Investment 931,206 sh (-6.32%)
Murray Stahl 82,989 sh (-8.08%)
Ron Baron 250,000 sh (-16.67%)
RS Investment Management 52,727 sh (-45.45%)
» More
Q3 2016

MSG Guru Trades in Q3 2016

Ray Dalio 1,700 sh (New)
George Soros 2,607 sh (New)
First Eagle Investment 1,030,277 sh (+10.64%)
Ron Baron 250,000 sh (unchged)
Paul Tudor Jones Sold Out
Mario Gabelli 913,189 sh (-1.89%)
John Rogers 476,978 sh (-2.74%)
First Pacific Advisors 32,950 sh (-3.37%)
Murray Stahl 79,782 sh (-3.86%)
Jim Simons 28,500 sh (-60.74%)
Steven Cohen 8,350 sh (-85.25%)
» More
Q4 2016

MSG Guru Trades in Q4 2016

Steven Cohen 42,126 sh (+404.50%)
Jim Simons 45,698 sh (+60.34%)
Mario Gabelli 921,140 sh (+0.87%)
Ron Baron 250,000 sh (unchged)
First Pacific Advisors 32,950 sh (unchged)
George Soros Sold Out
Ray Dalio Sold Out
First Eagle Investment 1,029,030 sh (-0.12%)
Murray Stahl 78,748 sh (-1.30%)
John Rogers 456,825 sh (-4.23%)
» More
Q1 2017

MSG Guru Trades in Q1 2017

Paul Tudor Jones 1,847 sh (New)
Jim Simons 113,900 sh (+149.25%)
Ron Baron 250,000 sh (unchged)
Steven Cohen Sold Out
First Eagle Investment 1,024,919 sh (-0.40%)
Murray Stahl 77,422 sh (-1.68%)
Mario Gabelli 898,667 sh (-2.44%)
John Rogers 433,379 sh (-5.13%)
First Pacific Advisors 26,700 sh (-18.97%)
» More
» Details

Insider Trades

Latest Guru Trades with MSG

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Business Description

Industry: Travel & Leisure » Leisure    NAICS: 711310    SIC: 7997
Compare:NYSE:SIX, NAS:TRIP, NYSE:BC, NAS:POOL, NYSE:FUN, NAS:ILG, NAS:MAT, NYSE:PLNT, NAS:BATRK, NAS:ISCA, NYSE:GOLF, NYSE:SEAS, NYSE:VSTO, NYSE:ELY, NYSE:MYCC, NYSE:SNOW, NYSE:TRK, NYSE:NLS, NAS:JOUT, NAS:LIND » details
Traded in other countries:MS8.Germany,
Headquarter Location:USA
The Madison Square Garden Co is a live sports and entertainment company in USA. Its segments include MSG Sports and MSG Entertainment. Revenues are generated from sale of tickets for events and distributions of league-wide television contracts.

The Madison Square Garden Co is a live sports and entertainment company operating in New York, USA. Its segments include MSG Sports and MSG Entertainment. The MSG Sports segment operates Madison's professional sports franchises, namely New York Knicks, New York Rangers, New York Liberty the Hartford Wolf Pack of American Hockey League, and the Westchester Knicks. The MSG Entertainment segment comprises live entertainment events — including concerts, family shows, performing arts and special events at venues which include Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, the Forum, The Chicago Theatre and the Wang Theatre. Revenues are generated from the sale of tickets for events and distributions of league-wide television contracts.

Guru Investment Theses on The Madison Square Garden Co

Mario Gabelli Comments on Madison Square Garden Co. - Jul 26, 2016

Madison Square Garden Co. (NYSE:MSG)(0.9%) (MSG – $$172.51 – NYSE) 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. MSG completed the separation of its associated regional sports networks in September 2015, leaving a reliable cash flow stream for MSG to reinvest and repurchase shares.

From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.

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Mario Gabelli Comments on Madison Square Garden Co. - Jul 25, 2016

Madison Square Garden Co. (NYSE:MSG) (0.9%) (MSG – $$172.51 – NYSE) 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. MSG completed the separation of its associated regional sports networks in September 2015, leaving a reliable cash flow stream for MSG to reinvest and repurchase shares.



From the Gabelli ABC Merger Arbitrage Fund second quarter 2016 shareholder letter.



Check out Mario Gabelli latest stock trades

Mario Gabelli Comments on Madison Square Garden Co. - May 12, 2016

Madison Square Garden Co. (NYSE:MSG)(2.8%) (MSG – $166.36 – NYSE) 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 the Gabelli 25 Value Fund first quarter 2016 shareholder commentary.



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Mario Gabelli Comments on Madison Square Garden Co. - Feb 10, 2016

Madison Square Garden Co. (2.7%) (MSG – $161.80 – NYSE) (NYSE:MSG) 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.

Check out Mario Gabelli latest stock trades

John Rogers Comments on Madison Square Garden Co - Jan 22, 2016

In the last quarter of the year, we acquired two new securities in Ariel Fund. We gained a new position in integrated sports, entertainment and media business company The Madison Square Garden Co (NYSE:MSG) as it completed its spin-off from MSG Networks Inc (MSGN), the company that was formerly known as Madison Square Garden Co. We already held shares of the former Madison Square Garden, whose main business focuses on media as a regional sports network. Thenew Madison Square Garden’s business focuses on sports and entertainment with various sports teams and theaters as some of the brands under its belt.

From John Rogers (Trades, Portfolio)' fourth quarter 2015 Ariel Fund Commentary.

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Mario Gabelli Comments on Madison Square Garden Co. - Oct 21, 2015

Madison Square Garden Co. (NYSE:MSG)(3.2%) (MSG – $72.14 – NYSE) 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 GAMCO's third quarter 2015 Value 25 Fund shareholder commentary.



Check out Mario Gabelli latest stock trades

Top Ranked Articles about The Madison Square Garden Co

The Madison Square Garden Company and Prudential Center Announce Booking and Marketing Partnership
The Radio City Rockettes Join Forces With the USO to Support Service Members and Their Families From Memorial Day Through the Patriotic Season
The Madison Square Garden Company to Host Fiscal 2017 Third Quarter Conference Call
The Madison Square Garden Company Names Darren Pfeffer Executive Vice President of MSG Live
Red Carpet Arrivals for Garden of Laughs Comedy Benefit

** MEDIA ALERT – RSVP REQUIRED – PHOTO / INTERVIEW OPPS **  Top Entertainment, Sports And Comedy Icons To Walk Red Carpet Including:
Uzo Aduba, Steve Buscemi, Michael Che, Katie Couric,
Walt “Clyde” Frazier, Adam Graves, Leslie Jones, Matt Lauer, Spike Lee,
Sebastian Maniscalco, Jill Martin, Darryl “DMC” McDaniels, Mark Messier,
Tracy Morgan, John Oliver, Norman Reedus, Bob Saget, Susan Sarandon,
Steve Schirripa, John Starks and Justin Tuck TUESDAY, MARCH 28 @ 6:30PM; MEDIA CHECK IN @ 5:30PM NEW YORK, March 27, 2017 (GLOBE NEWSWIRE) --   WHAT:  Coverage of red carpet arrivals for the Garden of Laughs comedy event at The Theater at Madison Square Garden to benefit the Garden of Dreams Foundation. Hosted by Steve Schirripa,   Garden of Laughs will feature stand-up performances by some of the biggest names in comedy including Leslie Jones, Sebastian Maniscalco, Tracy Morgan, John Oliver, Chris Rock and Bob Saget.    WHO:  Uzo Aduba, Steve Buscemi, Michael Che, Katie Couric, Walt “Clyde” Frazier, Adam Graves, Leslie Jones, Matt Lauer, Spike Lee, Sebastian Maniscalco, Jill Martin, Darryl “DMC”   McDaniels, Mark Messier, Tracy Morgan, John Oliver, Norman Reedus, Bob Saget, Susan Sarandon, Steve Schirripa, John Starks and Justin Tuck    WHEN:  Tuesday, March 28, 2017   Media check begins in at 5:30PM   Red Carpet arrivals begin at 6:30PM    WHERE:   Madison Square Garden - 7th Avenue between 33rd and 31st   Check in at the north side of the main entrance of Madison Square Garden    RSVP REQUIRED:   Grace Harris / [email protected] / 610-716-9301   Leah Capobianco / [email protected] / 347-504-5817 *PLEASE NOTE THIS IS FOR ARRIVALS COVERAGE ONLY*
*RSVP REQUIRED*


Read more...
The Garden of Dreams Foundation Announces Exclusive Garden of Laughs Auction Items

Auction Items Include Once-In-A-Lifetime Experiences With “Saturday Night Live,” John Oliver, Jake Gyllenhaal, Anne Burrell And Tickets To Various NY Sporting Events
AUCTION BEGINS TODAY, MARCH 7, 2017 AT CHARITYBUZZ.COM NEW YORK, March 07, 2017 (GLOBE NEWSWIRE) -- The Garden of Dreams Foundation announced today an exclusive online auction in support of Garden of Laughs, presented by Delta Air Lines, to benefit the Garden of Dreams Foundation. While tickets for Garden of Laughs are sold out, you can still support the Foundation’s efforts to make dreams come true for children facing obstacles by visiting Charitybuzz and bidding on unforgettable packages, including meet-and-greet experiences and tickets to sporting events. The auction begins today, March 7, and runs through April 4, 2017. Garden of Laughs is a bi-annual comedy benefit that will take place at The Theater at Madison Square Garden on Tuesday, March 28, 2017. It is Garden of Dreams’ largest fundraiser, and all net proceeds go directly to the Foundation. The all-star lineup at this year’s event, which is hosted by Steve Schirripa, includes Leslie Jones, Sebastian Maniscalco, Tracy Morgan, John Oliver, Chris Rock and Bob Saget. Bidders can visit global charity auction site Charitybuzz (www.charitybuzz.com/gardenoflaughs) to bid on incomparable experiences including: “Saturday Night Live” package which includes two tickets to the live show, plus a one-night hotel stay and brunch at the exclusive Rainbow RoomFour tickets to a taping of HBO’s hit “Last Week Tonight” and a meet-and-greet with host John OliverTwo tickets to Broadway’s “Sunday in the Park with George” followed by a meet-and-greet with star Jake GyllenhaalThe ultimate New York Rangers fan experience including two tickets to a 2017-18 game, a broadcast booth visit with Sam Rosen and Joe Micheletti, and a post-game visit to the Rangers locker roomAt-home cooking experience with chef Anne BurrellDinner for four at the world-famous Rao’s on Wednesday, May 31Four courtside seats to Session Two – Opening Night – at the US Open Tennis Championships For information on additional auction items, please visit charitybuzz.com.   This year’s event is proud to have Delta Air Lines as its Presenting Sponsor as well as Tissot and the Children’s Cancer Institute at Hackensack University Medical Center, one of the 28 GDF partner organizations that make dreams come true for children and families in the tri-state area, as two key supporting partners of Garden of Laughs. The Garden of Dreams Foundation is a non-profit organization that works with The Madison Square Garden Company and MSG Networks Inc. to make dreams come true for children facing obstacles. Since the Foundation began in 2006, this collaboration has brightened the lives of more than 325,000 children and their families. Garden of Dreams works with 28 partner organizations throughout the tri-state area, including hospitals, wish organizations and community-based organizations, to reach children who are facing challenges such as homelessness, extreme poverty, illness and foster care. The Foundation takes pride in its commitment to truly change lives, hosting more than 500 events and programs each year such as its annual Talent Show and Prom. In addition, through its Giving program, the Foundation helps its partner organizations through the direct support of scholarships and long-lasting community projects such as the refurbishment of pediatric areas at local hospitals, basketball courts and community centers – with plans for many more vital civic enhancements in the years to come. Tickets to Garden of Laughs are sold out. For more information on Garden of Laughs, the Garden of Dreams Foundation and the Charitybuzz auction items, please visit www.gardenoflaughs.com. About The Garden of Dreams Foundation
The Garden of Dreams Foundation is a non-profit organization that works with The Madison Square Garden Company and MSG Networks Inc. to make dreams come true for children facing obstacles. Since the Foundation began in 2006, this collaboration has brightened the lives of more than 325,000 children and their families. Garden of Dreams works with 28 partner organizations throughout the tri-state area, including hospitals, wish organizations and community-based organizations, to reach children who are facing challenges such as homelessness, extreme poverty, illness and foster care. The Foundation takes pride in its commitment to truly change lives, hosting more than 500 events and programs each year such as its annual Talent Show and Prom. In addition, through its Giving program, the Foundation helps its partner organizations through the direct support of scholarships and long-lasting community projects such as the refurbishment of pediatric areas at local hospitals, basketball courts and community centers – with plans for many more vital civic enhancements in the years to come. For more information on the Garden of Dreams Foundation, please visit www.GardenofDreamsFoundation.org About Charitybuzz
Charitybuzz raises funds for nonprofits around the globe through online auctions with the world's most recognizable celebrities and brands. Featuring access to acclaimed actors and musicians, business and political leaders, sports stars, luxury travel, couture fashion, rare memorabilia and more, Charitybuzz brings its online community of bidders exclusive opportunities to live their dreams and make a difference. Since launching, Charitybuzz has raised more than $200 million for charity. Its roster of celebrity supporters includes President Clinton, Sir Paul McCartney, Tim Cook, Mick Jagger, Warren Buffet, Robert Downey Jr., Taylor Swift, Ralph Lauren, Mayor Mike Bloomberg, Barbra Streisand, Howard Stern, Chevy Chase, Billy Joel, HBO, Victoria's Secret, Justin Bieber, Lady Gaga, John Varvatos, David Yurman, Bruce Springsteen, Hugh Jackman, and Beyonce. Charitybuzz is a member of the Charity Network. It serves as sister company to Chideo, a charity video network and Prizeo, a charity online sweepstakes platform. To learn more visit: www.charitybuzz.com. About Delta Air Lines
Delta is New York’s largest carrier and has invested billions in New York City’s airports during the past six years, leading the way in improving the traveler experience for a growing number of New York passengers – more than 27 million in 2015. The airline offers more than 500 peak-day departures to more than 130 destinations worldwide from its hubs at New York’s LaGuardia Airport and John F. Kennedy International Airport. And Delta is deeply embedded in the New York community, acting as the official airline of the Knicks, Rangers, Liberty, Madison Square Garden, Chelsea Piers, Food Bank For New York City, The Public Theater and the Whitney Museum of American Art, with partnerships with more than 50 community organizations.
MSG Entertainment Press Contacts:
Mikyl Cordova / 212-631-4337
[email protected]
Rachel Sachs / 212-465-6360
[email protected]

Read more...
The Madison Square Garden Company Statement on the Grammys

NEW YORK, March 01, 2017 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (:MSG) today made the following statement regarding next year’s Grammys.    
“While we are in active negotiations to bring the Grammys back to Madison Square Garden, we want to be clear that no agreement has been reached.”
Contact:
Mikyl Cordova [email protected] / (212) 631-4337

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Madison Square Garden Unveils Hain Celestial Concession Stand With Better-For-You Organic, Natural and Gluten-Free Products

Hain Celestial Joins the List of Iconic New York Culinary Offerings at The Garden

NEW YORK, Feb. 03, 2017 (GLOBE NEWSWIRE) -- The Madison Square Garden Company and The Hain Celestial Group, Inc. today announced a renewed and expanded multi-year marketing partnership, highlighted by a new concession stand at Madison Square Garden featuring Hain Celestial’s better-for-you organic, natural and gluten-free products, which will join a lineup of first-class culinary offerings at the World’s Most Famous Arena.
Sensible Portions® snacks, Terra® Chips, Garden of Eatin’® snacks and FreeBird® chicken are expected to be featured at the concession stand, among other Hain Celestial gluten-free products. Both Terra® and Sensible Portions® brands are Official Partners of the New York Knicks. Hain Celestial, a leading organic and natural products company, has partnered with Madison Square Garden for over ten years and has supported community initiatives with the New York Knicks to encourage healthier eating, both in and out of The Garden. Hain Celestial joins Madison Square Garden’s unrivaled lineup of food options and will be open during all events and shows at The Garden. “We are pleased to have reached this agreement with Madison Square Garden, as they say ‘The World’s Most Famous Arena’, which should encourage healthier eating habits among guests as they enjoy games, concerts and events taking place each year at The Garden,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial.   “Hain Celestial is a leading organic and natural products company, and we are thrilled to be able to expand their food options for fans at Madison Square Garden,” said Ron Skotarczak, executive vice president, marketing partnerships, The Madison Square Garden Company. “As we are always searching for opportunities to enhance our fans’ experience, this partnership with Hain Celestial continues to help make that happen by providing our guests a great assortment of healthy food offerings.” The Madison Square Garden Company
The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment that presents or hosts a broad array of world-class events – including concerts, sporting events, family shows and special events – in an unparalleled mix of celebrated venues that span four of the nation’s largest entertainment markets. Those venues are: New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA; The Chicago Theatre; and the Wang Theatre in Boston.  In addition, MSG has a diverse collection of properties that includes some of the most widely-recognized sports franchises: the New York Knicks (NBA), the New York Rangers (NHL) and the New York Liberty (WNBA), along with two development league teams -- the Westchester Knicks (NBADL) and the Hartford Wolf Pack (AHL).  The Company also features popular original entertainment productions -- the Christmas Spectacular and New York Spectacular – both starring the Radio City Rockettes, and through Boston Calling Events, produces outdoor festivals, including New England’s premier Boston Calling Music Festival.  More information is available at www.themadisonsquaregardencompany.com The Hain Celestial Group, Inc.
The Hain Celestial Group (Nasdaq:HAIN), headquartered in Lake Success, NY, is a leading organic and natural products company with operations in North America, Europe and India.  Hain Celestial participates in many natural categories with well-known brands that include Celestial Seasonings®, Earth’s Best®, Ella’s Kitchen®, Terra®, Garden of Eatin’®, Sensible Portions®, Health Valley®, Arrowhead Mills®, MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi’s Organic Bakery®, Hain Pure Foods®, Spectrum®, Spectrum Essentials®, Imagine®, Almond Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®, BluePrint®, FreeBird®, Plainville Farms®, Empire®, Kosher Valley®, Yves Veggie Cuisine®, Europe’s Best®, Cully & Sully®, New Covent Garden Soup Co.®, Johnson’s Juice Co.®, Farmhouse Fare®, Hartley’s®, Sun-Pat®, Gale’s®, Robertson’s®, Frank Cooper’s®, Linda McCartney®, Lima®, Danival®, Joya®, Natumi®, GG UniqueFiber®, Tilda®, JASON®, Avalon Organics®, Alba Botanica®, Live Clean® and Queen Helene®.  Hain Celestial has been providing A Healthier Way of Life™ since 1993.  For more information, visit www.hain.com.
Contact:

Ryan Watson / 212-465-5945
[email protected]

Ellen Deutsch / 631-827-7109
[email protected]

Read more...
The Madison Square Garden Company Partners With TAO Group

MSG Acquires 62.5% Interest in New Entity; TAO Group’s Management Retains Remaining Stake New Partnership Joins Two Companies With Proven Track Records of Delivering Unmatched Live Experiences NEW YORK, Feb. 01, 2017 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE:NYSE:MSG) and TAO Group today announced that MSG acquired a 62.5 percent common equity interest in a newly formed TAO Group for $181 million, plus a potential performance earn-out of up to $25.5 million. This partnership strengthens MSG’s portfolio of live offerings with a complementary, world-class entertainment dining and hospitality group that generates substantial adjusted operating income, and provides significant potential for growth. TAO Group’s highly experienced and entrepreneurial management team – led by Founders Marc Packer, Rich Wolf, Noah Tepperberg and Jason Strauss – retains a 37.5 percent interest in the newly formed TAO Group and will continue to run the day-to-day operations of the business. TAO Group operates 19 entertainment dining and nightlife venues in New York City, Las Vegas, and Sydney, Australia with globally-recognized brands – Tao, Marquee, Lavo, Avenue, The Stanton Social, Beauty & Essex and Vandal. This footprint will continue to expand as TAO Group is currently in contract to open five new venues in New York City and eight additional venues in new markets, including Los Angeles, Chicago and Singapore.  “TAO Group is a unique and attractive business that furthers our focus on the ‘live experience’ while also exposing us to new areas of growth,” said James L. Dolan, Executive Chairman of The Madison Square Garden Company. “TAO Group is creating the most innovative premium experiences in the entertainment dining and hospitality industry – no one does it better. We now have a tremendous opportunity to utilize that expertise across our live offerings, while leveraging each other’s strengths to drive value and growth for both businesses.” “Over the last 16 years, we’ve seen tremendous growth as we’ve successfully created some of the most enduring brands in the hospitality industry,” said TAO Group Co-Founder Rich Wolf. “Our partnership with MSG enables us to continue down this path as we advance our plans to build a global hospitality platform, now backed by an organization with an unparalleled position as one of the world’s leading live entertainment companies. We are thrilled to be joining the MSG family, and look forward to working with them on creating truly unique and exceptional experiences.” The benefits of the partnership are numerous for both companies. For MSG, this transaction adds an industry-leading entertainment dining and hospitality group that complements its existing live entertainment business, while further enhancing MSG’s growth profile by consolidating a profitable, high-growth, non-capital intensive business that includes four of the top 11 highest grossing restaurants in the U.S.  MSG and TAO Group will work together to create new and innovative premium hospitality experiences that can be integrated across MSG’s portfolio of live offerings. This includes MSG’s current collection of renowned venues and popular music and film festivals, as well as emerging opportunities as MSG continues to pursue its venue expansion strategy, with recently announced plans to build a state-of-the-art venue in Las Vegas. In addition, MSG’s reach will be expanded through TAO Group’s footprint – in New York and Las Vegas, and soon-to-be Los Angeles and Chicago – providing increased customer touchpoints and premium packaging opportunities using both TAO Group and MSG venues. Each year, MSG’s venues host more than 6 million visitors, while the TAO Group welcomes more than 4 million people to its entertainment destinations, enabling both companies to benefit from marketing and cross-promotion opportunities. TAO Group will now also have access to MSG’s vast knowledge in ticketing and sponsorship sales, as well as enhanced corporate resources. TAO Group is made up of a leading collection of entertainment dining and hospitality brands that, for calendar year 2016, generated revenue and pro forma adjusted operating income of approximately $235 million and $43 million, respectively.1 In New York City, these brands include: Avenue, Beauty & Essex, Lavo Italian Restaurant and Nightclub, Marquee Nightclub, The Stanton Social, Tao Asian Bistro Uptown, Tao Asian Bistro Downtown and Vandal. Additionally, TAO Group operates all of the food and beverage outlets of the Dream Downtown hotel, including room service, PHD Rooftop, Electric Room Lounge and Bodega Negra, as well as lounge spaces at the Dream Midtown hotel including PHD Rooftop, The Fishbowl and The Rickey. Las Vegas operations include: Beauty & Essex, Tao Asian Bistro, Nightclub & Beach at The Venetian; Lavo Italian Restaurant & Lounge at The Palazzo and Marquee Nightclub & Dayclub at The Cosmopolitan. Marquee Nightclub at The Star – Sydney represents the company’s first international offering.   The new partnership will also leverage MSG’s world-renowned properties, which include its collection of iconic venues: Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, the Forum in Inglewood, California, The Chicago Theatre, and the Wang Theatre in Boston. In addition, MSG owns and operates legendary sports teams, including the New York Knicks and the New York Rangers, and original productions – the Christmas Spectacular and New York Spectacular, both starring the Radio City Rockettes. MSG’s portfolio also includes live festivals through its controlling interest in Boston Calling Events, the owner and operator of New England’s premier Boston Calling Music Festival, and its 50 percent ownership of Tribeca Enterprises, best known for the acclaimed Tribeca Film Festival.   In addition to the strategic benefits, this transaction streamlines TAO Group’s ownership structure and consolidates the hospitality group’s assets – further preparing TAO Group to take advantage of growth opportunities. For MSG, Goldman, Sachs & Co. served as the financial advisor and Hughes Hubbard & Reed LLP as legal counsel. Moelis & Company acted as the financial advisor to TAO Group, and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel. Separately, MSG also plans to enter into a Rule 10b5-1 stock repurchase plan (the “Plan”). The Plan will permit the Company to effect additional stock repurchases under its existing stock repurchase authorization, including during periods when the Company might otherwise be prevented from making open market purchases. Under the Plan, purchases will be made through a broker in accordance with the instructions and limitations set forth in the Plan.  ______________________ 1 The pro forma unaudited adjusted operating income reflects the replacement of historical management fees paid to affiliates with the go-forward compensation structure to TAO Group founders, as well as the exclusion of certain non-recurring transaction costs.
Contact:
Kimberly Kerns
The Madison Square Garden Company
212-465-6442 / [email protected]

Read more...
The Madison Square Garden Company and Lexus Announce Renewed and Expanded Signature Partnership

Lexus is now the Official Luxury Auto Partner and Luxury Vehicle of
Radio City Music Hall, the Christmas Spectacular and the New York Spectacular Lexus Continues as the Official Luxury Auto Partner and Luxury Vehicle of
Madison Square Garden, the Theater at Madison Square Garden,  
New York Knicks, New York Rangers and New York Liberty NEW YORK, Jan. 30, 2017 (GLOBE NEWSWIRE) -- Today, the Madison Square Garden Company & MSG Networks announced a renewed and expanded multi-year marketing sponsorship with Lexus, continuing the luxury automaker’s role as one of Madison Square Garden’s Signature partners. Lexus will remain the Official Luxury Auto Partner and Luxury Vehicle of Madison Square Garden, The Theater at Madison Square Garden, the New York Knicks, the New York Rangers, the New York Liberty and the Concert Series at Madison Square Garden. In the expanded partnership, Lexus will now serve as the Official Luxury Auto Partner and Luxury Vehicle of Radio City Music Hall, the Christmas Spectacular Starring the Radio City Rockettes and the New York Spectacular Starring the Radio City Rockettes. The partnership provides Lexus the platform to create premier experiences and activations across The Madison Square Garden Company’s unrivaled set of sports and entertainment properties and assets. This includes a new Lexus vehicle display and related activations in the Grand Lounge at Radio City Music Hall. Lexus will also extend its Knicks and Rangers sponsorships across the New York market through various activations, such as The Lexus Garden of Dreams Raffle, where participants will have the opportunity to win a new Lexus vehicle. Additionally, Lexus showcased a 2017 ES in the Grand Lounge at Radio City Music Hall during the Christmas season where consumers learned more about the vehicle features and entered a sweepstakes for a chance to win a weekend getaway for two in New York City and tickets to see the New York Spectacular. “We are extremely proud that Lexus has experienced the value that Madison Square Garden delivers and has decided to expand its partnership with us to now reach a brand new audience at Radio City Music Hall, particularly through our marquee shows, the Christmas Spectacular and the New York Spectacular,” said Ron Skotarczak, executive vice president, marketing partnerships, The Madison Square Garden Company. “We are continually searching for ways to enhance our fans’ experiences when they attend an event in one of our venues, and our activations with Lexus provide guests with unique opportunities to interact directly with the luxury vehicle and experience the brand firsthand.” “At Lexus, we value collaborations that offer elevated experiences and benefits for our customers, and combining our world-class automobiles with an outstanding venue like Madison Square Garden is a great match,” said Damon Rose, Lexus Eastern Area general manager. “Our renewed and expanded partnership at Madison Square Garden is an excellent way to experience and interact with the Lexus brand, whether patrons are longtime, loyal customers or new to Lexus. We are thrilled to renew a successful partnership with such an iconic New York City destination and look forward to now serving as the Official Luxury Auto Partner and Luxury Vehicle of Radio City Music Hall.” As the Presenting Partner of the Lexus Suite Level and the Lexus Terrace Level at The Garden, Lexus will receive premium exposure to all 58 Lexus Level Suites and memberships in the all-inclusive Madison Club. In addition, Lexus will provide two custom-built branded vehicles displayed year-round on the Lexus Terrace Level of the Arena, which is an exclusive entrance for event suite-holders and club seat ticket holders. Lexus will continue to hold a dominant position on MSG Networks across live game coverage of Knicks, Rangers, Devils and Islanders as well as Original Programs. Lexus will be integrated into the broadcasts through Branded Features and commercial inventory, as well as ownership positions in various original programs. Lexus LED messaging will be on display during all Knicks, Rangers and Liberty games; courtside LED signage throughout the Arena for all Knicks and Liberty games; dasher board signage during Rangers games; in-arena LED ribbons during entertainment events; and outdoor signage around MSG. About The Madison Square Garden Company
The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment that presents or hosts a broad array of world-class events – including concerts, sporting events, family shows and special events – in an unparalleled mix of celebrated venues that span four of the nation’s largest entertainment markets. Those venues are: New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA; The Chicago Theatre; and the Wang Theatre in Boston.  In addition, MSG has a diverse collection of properties that includes some of the most widely-recognized sports franchises: the New York Knicks (NBA), the New York Rangers (NHL) and the New York Liberty (WNBA), along with two development league teams -- the Westchester Knicks (NBADL) and the Hartford Wolf Pack (AHL).  The Company also features popular original entertainment productions -- the Christmas Spectacular and New York Spectacular – both starring the Radio City Rockettes, and through Boston Calling Events, produces outdoor festivals, including New England’s premier Boston Calling Music Festival.   More information is available at www.themadisonsquaregardencompany.com   About Lexus
Lexus launched in 1989 with two luxury sedans and a commitment to pursue perfection. Since that time, Lexus has expanded its line-up to meet the needs of global luxury customers. Lexus is now going beyond its reputation for high quality vehicles with the integration of innovative technology, emotional exterior and interior designs, and engaging driving dynamics and performance.  With five models incorporating Lexus Hybrid Drive, Lexus is the luxury hybrid leader. Lexus also offers seven F SPORT models and two F performance models.  In the United States, Lexus vehicles are sold through 236 dealers who are committed to exemplary customer service.
MSG Contact:
Ryan Watson/212-465-5945

Lexus Contact:
Prue Hyman/212-510-4812

Read more...

Ratios

vs
industry
vs
history
PB Ratio 2.03
MSG's PB Ratio is ranked lower than
52% of the 818 Companies
in the Global Leisure industry.

( Industry Median: 1.76 vs. MSG: 2.03 )
Ranked among companies with meaningful PB Ratio only.
MSG' s PB Ratio Range Over the Past 10 Years
Min: 0.25  Med: 1.61 Max: 2.05
Current: 2.03
0.25
2.05
PS Ratio 4.23
MSG's PS Ratio is ranked lower than
74% of the 844 Companies
in the Global Leisure industry.

( Industry Median: 1.94 vs. MSG: 4.23 )
Ranked among companies with meaningful PS Ratio only.
MSG' s PS Ratio Range Over the Past 10 Years
Min: 3.39  Med: 3.85 Max: 11.06
Current: 4.23
3.39
11.06
Price-to-Free-Cash-Flow 48.50
MSG's Price-to-Free-Cash-Flow is ranked lower than
83% of the 374 Companies
in the Global Leisure industry.

( Industry Median: 19.49 vs. MSG: 48.50 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
MSG' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 39.66  Med: 48.21 Max: 85.47
Current: 48.5
39.66
85.47
Price-to-Operating-Cash-Flow 35.44
MSG's Price-to-Operating-Cash-Flow is ranked lower than
88% of the 509 Companies
in the Global Leisure industry.

( Industry Median: 11.33 vs. MSG: 35.44 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MSG' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 22.87  Med: 33.74 Max: 99.26
Current: 35.44
22.87
99.26
EV-to-EBIT -90.55
MSG's EV-to-EBIT is ranked lower than
99.99% of the 667 Companies
in the Global Leisure industry.

( Industry Median: 18.08 vs. MSG: -90.55 )
Ranked among companies with meaningful EV-to-EBIT only.
MSG' s EV-to-EBIT Range Over the Past 10 Years
Min: -1640.6  Med: -40.4 Max: 79.1
Current: -90.55
-1640.6
79.1
EV-to-EBITDA 67.98
MSG's EV-to-EBITDA is ranked lower than
92% of the 714 Companies
in the Global Leisure industry.

( Industry Median: 12.54 vs. MSG: 67.98 )
Ranked among companies with meaningful EV-to-EBITDA only.
MSG' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1454.1  Med: 31.9 Max: 192.5
Current: 67.98
-1454.1
192.5
Current Ratio 2.04
MSG's Current Ratio is ranked higher than
68% of the 851 Companies
in the Global Leisure industry.

( Industry Median: 1.36 vs. MSG: 2.04 )
Ranked among companies with meaningful Current Ratio only.
MSG' s Current Ratio Range Over the Past 10 Years
Min: 0.29  Med: 2.34 Max: 2.9
Current: 2.04
0.29
2.9
Quick Ratio 2.04
MSG's Quick Ratio is ranked higher than
73% of the 850 Companies
in the Global Leisure industry.

( Industry Median: 1.14 vs. MSG: 2.04 )
Ranked among companies with meaningful Quick Ratio only.
MSG' s Quick Ratio Range Over the Past 10 Years
Min: 0.29  Med: 2.34 Max: 2.9
Current: 2.04
0.29
2.9
Days Sales Outstanding 39.04
MSG's Days Sales Outstanding is ranked lower than
63% of the 662 Companies
in the Global Leisure industry.

( Industry Median: 26.89 vs. MSG: 39.04 )
Ranked among companies with meaningful Days Sales Outstanding only.
MSG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.62  Med: 21.15 Max: 39.04
Current: 39.04
17.62
39.04
Days Payable 12.84
MSG's Days Payable is ranked lower than
85% of the 554 Companies
in the Global Leisure industry.

( Industry Median: 47.56 vs. MSG: 12.84 )
Ranked among companies with meaningful Days Payable only.
MSG' s Days Payable Range Over the Past 10 Years
Min: 1.67  Med: 3.15 Max: 12.84
Current: 12.84
1.67
12.84

Buy Back

vs
industry
vs
history

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 30.03
MSG's Price-to-Net-Current-Asset-Value is ranked lower than
84% of the 293 Companies
in the Global Leisure industry.

( Industry Median: 5.82 vs. MSG: 30.03 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
MSG' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.95  Med: 6.49 Max: 30.35
Current: 30.03
0.95
30.35
Price-to-Tangible-Book 3.03
MSG's Price-to-Tangible-Book is ranked lower than
65% of the 731 Companies
in the Global Leisure industry.

( Industry Median: 1.95 vs. MSG: 3.03 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MSG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.3  Med: 1.97 Max: 3.06
Current: 3.03
0.3
3.06
Price-to-Median-PS-Value 1.09
MSG's Price-to-Median-PS-Value is ranked higher than
59% of the 761 Companies
in the Global Leisure industry.

( Industry Median: 1.11 vs. MSG: 1.09 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MSG' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.92  Med: 1 Max: 2.41
Current: 1.09
0.92
2.41
Earnings Yield (Greenblatt) % -1.12
MSG's Earnings Yield (Greenblatt) % is ranked lower than
81% of the 865 Companies
in the Global Leisure industry.

( Industry Median: 4.16 vs. MSG: -1.12 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MSG' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -4  Med: -1.2 Max: 1.5
Current: -1.12
-4
1.5

More Statistics

Revenue (TTM) (Mil) $1,230.64
EPS (TTM) $ -1.90
Short Percentage of Float3.00%
52-Week Range $160.96 - 217.80
Shares Outstanding (Mil)23.54
» More Articles for MSG

Headlines

Articles On GuruFocus.com
The Madison Square Garden Company and Prudential Center Announce Booking and Marketing Partnership Jul 11 2017 
The Radio City Rockettes Join Forces With the USO to Support Service Members and Their Families From May 25 2017 
The Madison Square Garden Company to Host Fiscal 2017 Third Quarter Conference Call Apr 25 2017 
The Madison Square Garden Company Names Darren Pfeffer Executive Vice President of MSG Live Apr 11 2017 
Red Carpet Arrivals for Garden of Laughs Comedy Benefit Mar 27 2017 
Mark and Jonathan Boyar Interview in Barron's Mar 09 2017 
The Garden of Dreams Foundation Announces Exclusive Garden of Laughs Auction Items Mar 07 2017 
The Madison Square Garden Company Statement on the Grammys Mar 01 2017 
Madison Square Garden Unveils Hain Celestial Concession Stand With Better-For-You Organic, Natural a Feb 03 2017 
The Madison Square Garden Company Partners With TAO Group Feb 01 2017 

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