Sell Madison Square Garden If the Rangers Lose?
As a long-term investor, I will continue to buy MSG no matter which near-term scenario plays out. I do not own the stock on the basis of a sports team's fluctuation between winner and loser. I own MSG because of the massive cross-platform opportunities it can leverage as sports team owner, venue owner, content owner and regional advertising juggernaut.
As I noted in an article on TheStreet earlier this month, MSG's unique situation also makes it a prime buyout candidate for a larger player in media and/or telecom.