Six Ways to Invest in the Game of Hockey Comcast Corporation

Six Ways to Invest in the Game of Hockey Comcast Corporation

What better time to think about hockey than during the hot days of summer? There are several companies that are connected to hockey teams and equipment, but unfortunately no pure plays. For most of these companies, hockey is a small part of their business.

Here are some interesting facts about hockey:

The Philadelphia Flyers of the National Hockey League, and the Philadelphia Phantoms of the American Hockey League are owned by a company called ComcastSpectacor, of which 63% is owned by Comcast (CMCSA). It also owns the Wachovia Center, and the Wachovia Spectrum sports arena where hockey is played. Comcast has a price earnings ratio of 28.34, and a price earnings to growth ratio of 1.89. The Toronto Maple Leafs, one of the 'Original Six' members of the NHL, is owned by Maple Leaf Sports Entertainment Ltd., 14 percent of which is owned by TorontoDominion Bank (TD). Maple Leaf Sports also owns the Air Canada Center sports arena, where hockey is played. TorontoDominion has a P/E of 14.87, a PEG of 1.14, and a yield of 3%. Its latest quarterly earnings were up 19.1%. The New York Rangers are owned by the Madison Square Garden Limited Partnership, which is owned by Cablevision (CVC). They also own the Madison Square Garden sports and entertainment arena and the Hartford Wolf Pack, a minorleague professional hockey team. It has a forward P/E of 45.9, and a PEG of 32.4. The Hockey Company, also known as CCM, is the ice hockey equipment licensee, and supplier to the NHL until the year 2014. CCM is owned by Reebok which is owned by Adidas AG (OTC:ADDYY), the Germanbased sportswear, and sporting goods company. It has an operating margin of 8.12%, and a return of average equity of 17.83%. Bauer is the leading manufacturer of hockey equipment and skates, It is owned by Canstar which is a wholly owned subsidiary of Nike, Inc. (NKE), and now uses the Nike Bauer brand. It has a P/E of 19.43, and a PEG of 1.26. The stock has a yield of 1.3%. Dick's Sporting Goods Inc. (DKS) sells hockey equipment along with numerous types of other sporting goods, so hockey is obviously a very small part of their business. It has a P/E of 25.44, and a PEG of 1.18. Sport Chalet Inc. (SPCHB) also sells hockey equipment along with other types of sporting goods including snowboarding, mountaineering, and SCUBA equipment. It has a P/E of 21.8, and a P/S ratio of 0.39.