Gabelli & Company Maintains Buy Rating on Madison Square Garden

Gabelli & Company maintained its Buy recommendation for Madison Square Garden MSG after the company released its latest earnings report. In the report, Gabelli & Company writes, "We continue to recommend purchase of shares. MSG owns a collection of uniquely valuable assets, the earnings power of which is obscured by the transformation, lock-out and TWC dispute." Shares of Madison Square Garden are currently trading at $30.15, up 1.28% from yesterday's close.