Forager International Knicks a Bargain

Basketball fans (all five of you) invested in the Forager International Shares Fund have something to boast about—you are now minority owners of the New York Knickerbockers (Knicks) and Madison Square Garden, ‘the Mecca of Basketball’. Owner Madison Square Garden Company (NASDAQ:MSG) was added to the portfolio in May and accounts for 4% of your investment.For many years, the company was a fully-owned subsidiary of Cablevision Systems, a major cable operator in the New York City metro area started by industry pioneer Charles Dolan. Spun out in 2010, it remains controlled by the Dolan family, most prominently son Jim. The...

Basketball fans (all five of you) invested in the Forager International Shares Fund have something to boast about—you are now minority owners of the New York Knickerbockers (Knicks) and Madison Square Garden, ‘the Mecca of Basketball’. Owner Madison Square Garden Company (NASDAQ:MSG) was added to the portfolio in May and accounts for 4% of your investment.

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