Grading MSG Stock

Now that Madison Square Garden has become a separate company from Cablevision, one question is whether it will stand as a viable investment.

According to the New York Times, maybe not. MSG’s two major sports teams, the New York Knicks and New York Rangers, lose money and the venues break even.

Superstar LeBron James could be joining the Knicks, but switching teams would not offset his salary.

MSG’s listing on Nasdaq, which has hovered near $20 since it launched Feb. 9, might be “fully priced already,” according to the Times.