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The Madison Square Garden Company

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Shares of Madison Square have outperformed the industry in the past year. The company is anticipated to tread on growth trajectory after its revenues grew year over year in the fourth quarter of fiscal 2018. It not only has a strong brand presence but its entertainment business also continues to grow on innovative venues and overall positive scenario in the concert market. The last-reported quarter marked the company’s third quarter in a row wherein live entertainment revenues grew in double digits year over year. Madison Square continues to benefit from ongoing efforts to reinstate growth through multi-night and multi-marketing agents. Moreover, continual partnerships to expand its footprint bode well. Estimates have also been revised upward over the past two months. However, intense competition in the sports business and subsequent sluggish performance by Knicks remain concerns.