Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. MSG -0.09% , has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

mrKnickShot wrote:

Bonn1997 wrote:Rookie posted this in another thread but I believe it warrants its own thread.
http://blogs.marketwatch.com/thetell/2012/07/16/mondays-msg-market-cap-drop-would-have-paid-for-lin-contract/

Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. MSG -0.09% , has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

That is so damn silly - you should be ashamed!! Have you been following the market? I have 3 companies in my portfolio that lost 1.6 pct for no reason other than market trends and those companies have nothing to do with JLin!!!!!!!!!!!!!!!!!

MAN!! THE HUMANITY!!

Bonn1997 wrote:

mrKnickShot wrote:

Bonn1997 wrote:Rookie posted this in another thread but I believe it warrants its own thread.
http://blogs.marketwatch.com/thetell/2012/07/16/mondays-msg-market-cap-drop-would-have-paid-for-lin-contract/

Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. MSG -0.09% , has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

That is so damn silly - you should be ashamed!! Have you been following the market? I have 3 companies in my portfolio that lost 1.6 pct for no reason other than market trends and those companies have nothing to do with JLin!!!!!!!!!!!!!!!!!

MAN!! THE HUMANITY!!

I never claimed to know much about investing (and you may not either if you're doing that much worse than the market!). I just posted another guy's article.

Much worse than what market?

You are right - you really don't know much about investing.

You should before you post other articles that make no sense.

Bonn1997 wrote:

mrKnickShot wrote:

Bonn1997 wrote:

mrKnickShot wrote:

Bonn1997 wrote:Rookie posted this in another thread but I believe it warrants its own thread.
http://blogs.marketwatch.com/thetell/2012/07/16/mondays-msg-market-cap-drop-would-have-paid-for-lin-contract/

Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. MSG -0.09% , has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

That is so damn silly - you should be ashamed!! Have you been following the market? I have 3 companies in my portfolio that lost 1.6 pct for no reason other than market trends and those companies have nothing to do with JLin!!!!!!!!!!!!!!!!!

MAN!! THE HUMANITY!!

I never claimed to know much about investing (and you may not either if you're doing that much worse than the market!). I just posted another guy's article.

Much worse than what market?

You are right - you really don't know much about investing.

You should before you post other articles that make no sense.

Well your 3 companies went down almost four times as much as the Dow did in percentage points. That sounds much worse.

Who says they are DOW stocks, Genius? Stick to Psych

those 3 stocks are up 40 pct for the year but who is counting - maybe they bought futures in MSG during Linsanity and sold off before the trade talk

hahahhahahaha

gunsnewing wrote:You dont think knicks stock drops losing lin?

Maybe, maybe not. I would need a lot more to base that on than a dumb article.

gunsnewing wrote:You dont think knicks stock drops losing lin?

Jmpasq wrote:

gunsnewing wrote:You dont think knicks stock drops losing lin?

MSG Stock which includes a wide variety of things not just the Knicks.Short term yes long term No

I hope MSG Stock includes Slim Fast. Stock could receive a little bump when Felton moves to town.

Rookie wrote:actually, i think MSG closed at -0.59 (-1.61%) today. whatever that means, i'll leave that up to you *cough* experts

the article mentions a 60 cent drop in stock price. it closed at 59 cents down.

let's see what happens when they officially don't match. i'm guessing something in the ballpark of 5% over the week.