Carmelo Says YES to MSG

By Rick Roman - 22 Feb 2011 1129 0 comment

No, I’m not talking about Chinese food.

A while back, we added Madison Square Garden stock (NYSE ticker MSG) to our list because New York was in the running to get LeBron. Well, that didn’t pan out too well! But today, MSG stock is getting a lot of attention. Yep, Carmelo Anthony is going to the Big Apple and fans are pumped. Ticket prices have soared since the announcement but MSG stock (up 50% over the last 12 months) is up only slightly today.

Carmelo joins Amar’e Stoudemire who has single-handedly turned the Knicks around this season. Should be fun to watch the two of them together but as Steve Kerr said during the All-Star game this weekend, it remains to be seen how these two will work together.

Anyway, this should make for some good photos in the Madison Square Garden Annual Reports and make this stock more fun to watch.

Tags:madison square garden stock carmelo anthony

Rick Roman

Rick has a B.S. in Finance from Arizona State University, 50 years of stock market experience, a long career in high-tech corporate finance, co-founder of GiveAshare.com, and author of the award-winning book, I'm A Shareholder available on Amazon and GiveAshare.com. Rick has been quoted as a stock gift and kids financial literacy expert in many publications including CNN Money, USA Today, CBS MarketWatch and has participated in financial literacy organizations like the Council for Economic Education and the JumpStart Coalition.