GO
Loading...

Hedge Fund Trade of the Week: MSG

Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!

This week’s trade is long MSG, owner of Madison Square Garden -- “The World’s Most Famous Arena” as well as Radio City and more.

According to the company’s website, MSG is much more than a stadium, it's a fully-integrated sports, entertainment and media business comprised of three business segments: MSG Sports, MSG Entertainment and MSG Media.

Check out the company’s chart and some of its stats:

Madison Square Garden (MSG)
Sector: Services
Based in: New York, NY
Market Cap: $2.1 billion
52-week high: $30.00
52-week low: $18.39

Anthony Scaramucci selects this stock as his Hedge Fund Trade Of The Week because he thinks the stock is undervalued.

Not only does Scaramucci thinks it’s a “sum of the parts story” he also sees "potential opportunity to renovate and develop air rights above the Garden." And he likes the sports franchises owned by MSG, the Knicks and the Rangers.

All told, he says MSG is probably a $45-$55 stock.

Scaramucci isn’t the only top hedge fund manager who’s bullish. T2 Partners, Jana Partners and Third Point are also long.

Click here to check out other Hedge Fund Trade Of The Week posts

* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.



______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our Web site send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On April 11, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Weiss is short (X); Weiss is short (RTH); Weiss is short (IWM); Weiss owns (VZ); Weiss owns (QCOM); Weiss owns (DVN); Weiss owns (COP); Weiss owns (BTU); Weiss owns (JPM); Weiss owns (MSFT); Terranova owns (JPM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (XOM); Terranova owns (AKAM); Karabell owns (AAPL); Karabell owns (BHP); Karabell owns (BIDU); Karabell is long (GOOG); Karabell owns (GS); Karabell owns (MRVL); Karabell Owns (SINA); Seymour owns (AA); Seymour owns (AAPL); Seymour owns (F); Seymour owns (INTC)

For Tim Seymour:
Seygem Asset Management Is Short (FCX) Weiss Owns (VZ)

For Anthony Scaramucci
SkyBridge Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities

For Mike Khouw
Cantor Fitzgerald is a market maker in (CLX)

For Zach Karabell:
Karabell and River Twice Capital are long (CSCO)
Karabell and River Twice Capital are long (MON)
River Twice Capital is long (AMSC)
River Twice Capital is long (EXPE)
River Twice Capital is short (GS) puts
River Twice Capital is short (QQQQ)
River Twice Capital is short (XLF)
River Twice Capital is short (AA)
Karabell And River Twice Capital Own (MON), (NTES)

For Willie Williams
Societe Genarale Facilitates Transactions In Tradable Currencies

For Dennis Gartman
Funds Managed by Dennis Gartman are long Canadian Dollars
Funds Managed By Dennis Gartman are long crude
Funds Managed by Dennis Gartman are long nat gas
Funds Managed by Dennis Gartman are shot 10 yr canadian bonds
Funds Managed by Dennis Gartman are shorrt 10 yr U.S. treas. Notes
Funds Managed by Dennis GArtman are short euros.

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC

For Jon Najarian:
I own AA Call Spreads, no positions in DRRX, but moving in post & I am posting about it.
DRRX Primary endpoint was not met in ELADUR Phase II Study for Chronic Low Back Pain- In this study of 263 patients suffering from chronic low back pain, the primary efficacy endpoint

For Brian Sozzi
**No Disclosures

Stephen Weiss SOT from 3/22/11
**No Disclosures

Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC



CNBC.com with wires.

Symbol
Price
 
Change
%Change
MSG
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report