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5 Stocks Wishing for a Hockey Season

Think no one cares about the NHL lockout? Think again

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Madison Square Garden

MSGMadison Square Garden (NYSE:MSG) is another clear loser when it comes to the lockout. It owns the New York Rang­ers, its venue (duh) and the Madison Square Garden network, which airs the team’s games.

In order to take in revenue from any of those things — whether through ticket sales, advertising, con­cessions or merchandise — well, some hockey games gotta be played.

Just digest these numbers: Last fiscal year, MSG brought in around $1.3 billion total. In 2011, the Rangers accounted for $169 million of that. And in early October, one analyst predicted that a completely canceled hockey season would cost the company at least $78 million.

That’s not to say Madison Square Garden — and the other companies for that matter — don’t have other avenues for profit, but it would undoubtedly be resting easier if the NHL went about its business as usual.

Article printed from InvestorPlace Media,

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