Comcast's plan to separate broadband and content will surface value; the company trades at a cheap multiple, and the split increases strategic possibilities. Consolidation among broadband companies is expected, further unlocking value.
The GOLS ETF offers exposure to publicly traded soccer clubs, which are inflation-indexed, economically resilient, and AI resilient; the clubs have compounded at mid-teens annually, outperforming the S&P 500 over time. The upcoming World Cup in North America will boost global interest, and clubs trade at half the multiple of US teams, with capital needs driving uplistings and higher valuations.
Sports franchises like Madison Square Garden Sports (MSG), owner of the Knicks and Rangers, are scarce, growing assets with financial underpinnings from media rights growth, sports betting, live entertainment, and tax advantages. The potential splitting of the company creates additional options and value.