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I think it can score with investors here to tell us whether -- stake in Madison Square Garden is a slam dunk for our own.
Shibani -- well -- pretty good start to the day there's been a lot of moments and then movement with the with what was going on with -- -- initial debut.
-- Madison screen is square garden -- you can see we should have the stock price up here -- actually opened the downside is now treading higher.
Not by a lot well now it's actually down a lot of volatility going on and and -- and SG and B shares today.
This is not a big surprise what is interesting about the timing of this -- actually happening when we know a lot of big companies are not actually trying to.
Place there IPOs in the markets right now because of the volatility that's been happening -- this is something that's been.
Pre planned for many many months -- -- -- Cablevision because amnesty which owns.
This in new division which which also includes.
The next the -- -- and the actual venue of the Madison Square Garden with part of Cablevision.
And this is all part of Jindal and Poland's plan to kind of -- up and clean up the company he believes that holding on to amnesty in the associated up properties there.
He's dragging down the stock price that you're not actually seeing that if you look at Cablevision shares over the last year.
They're up 66%.
Of the last five years they're down 8% -- maybe that's what he's referring to but over the short term hasn't been dragging him down.
But again this is a good way for investors if -- knicks fan if -- Rangers fan view if you believe that there is growth in this venue.
In -- of itself this is a good way to and to make a play here.
And that as you can see Cablevision having good I'm an exam which is why I'm about to shoot myself -- little about him and expand have been frustrated.
But they do hang on with their team and they still go to the games they don't have any -- -- -- what are the potential risk factors for the stock now.
It's -- fact and Madison Square Garden is making a major reinvestment and and and trying to redo the facilities it's a -- investment that's and it takes five years.
So -- that this is a long term play if you ever want to have on a longer term plane of course you you always have -- LeBron factory.
Keeping your fingers keeping your fingers crossed deliver on the appearance on the on the next and that of course could give that a nice boost to this city to the next -- -- courts -- now that's.
As well in -- land go to Cleveland cavs to understand.
-- thank you very much.
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