Viewers of the hockey events at the 2014 Winter Olympics at Sochi saw that Canada won gold medals for both men and women, and the United States garnered a silver medal for women's hockey. Since we are still in the middle of hockey season, investors are wondering if there is a way to play the hockey stock market. If you are looking to take a swing at hockey stocks, here are some worth watching.
Although a small part of their business, Bell Canada, a division of BCE Inc. (BCE), and Rogers Communications (RCE) own the Toronto Maple Leafs. BCE trades at 17 times earnings and yields 5.2%. Rogers Communications trades at 12 times earnings and pays a yield of 4.3%.
The Philadelphia Flyers of the National Hockey League is owned by a company called Comcast-Spectacor, of which 63% is owned by Comcast (CMCSA). They also own the Wells Fargo Center where hockey is played. Comcast has a price earnings ratio of 20 and a yield of 1.8%.
The New York Rangers are owned by the Madison Square Garden Company (MSG). They also own the Madison Square Garden sports and entertainment arena and the Hartford Wolf Pack, an AHL professional hockey team. Madison Square Garden has a forward P/E of 29.
Dick's Sporting Goods Inc. (DKS) sells hockey equipment along with numerous types of other sporting goods. Dick’s has a P/E of 20 and a yield of 1.0%.
Sport Chalet Inc. (SPCHB) also sells hockey equipment along with other types of sporting goods including snowboarding, mountaineering, and SCUBA equipment. The company recently generated negative earnings. This is a very low cap stock that should be considered very speculative.
If you like sports related stocks, you should check out basketball stocks, tennis stocks, racecar motorsports stocks, and horse racing stocks.
Author does not own any of the above.
By Stockerblog.com
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