Madison Square Garden Sports (MSGS) Could Be 14% Undervalued Following Its Late October Split Plan

Madison Square Garden Sports (MSGS) is preparing to split into two independent, publicly traded companies in late October. This corporate reshuffle can change how investors think about ownership and valuation of its sports franchises. Recent trading has been choppy but upward leaning, with a 7 day share price return of 4.34% and a 30 day gain of 6.29%, while the 1 day move slipped 0.60% to US$413.84 as investors absorb the planned split and recent executive changes. Over a longer horizon,...