Madison Technologies Inc. (MDEX)
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Madison Square Garden Entertainment Q3 2026 Review: Outlook Remains Strong
FY3Q26 results beat analyst expectations on revenue and adjusted EPS. Management maintains a positive concert booking guidance for the remainder of the year. Harry Styles and Bon Jovi residencies at Madison Square Garden coupled with a strong Knicks playoff run will help to grow bookings. New York City tourism is projected to rebound in 2026, reaching 66.3 million visitors, driven by the FIFA World Cup.
Madison Square Garden Sports Group: Ride The Momentum
Madison Square Garden Sports Group owns the New York Knicks and Rangers, two of the most valuable franchises in their leagues. MSGS benefits from rising sports team valuations, with the Knicks valued at $9.75bn and the Rangers at $4bn. The Knicks have the highest odds in their conference to reach the NBA Finals, positioning MSGS for significant playoff-driven revenue upside.
Madison Air Solutions: Good Growth, But Overvalued Stock
Madison Air Solutions Corporation had a successful IPO as the stock trades past the $27 IPO offering price. MAIR has reported strong earnings in 2025, and data center -related growth should continue to boost revenues going forward. The future growth rate is relatively uncertain due to MAIR's limited history on the market, and the lack of communicated financial targets.
Madison Air Solutions: Providing Better Air, Obtaining Premium Valuations
Madison Air Solutions is a $3.5B business focused on commercial and residential indoor air quality, with strong organic growth and recurring revenue streams. Madison's recent $2.3B acquisition of AprilAire and robust demand drivers—datacenter growth, regulation, and health trends—support a compelling long-term runway. At $32/share, Madison trades at 5.5x sales and ~20x EBITDA, with leverage at 3.6x and organic growth exceeding 12% in 2025, especially in commercial segments.
Madison Air stock surges 18% as AI-driven demand fuels debut
Shares of Madison Air Solutions Corp. jumped sharply in their market debut on Thursday, underscoring investor appetite for industrial companies tied to the artificial intelligence boom. The ventilation and filtration systems provider rose about 18% to $32.13 in afternoon trading in New York, above its initial public offering price of $27.
Madison Square Garden Sports Gains Tabor Backing as Knicks and Rangers Franchise Values Climb
Tabor Asset Management increased its Madison Square Garden Sports (MSGS) stake by 29,985 shares The quarter-end position value rose by $8.19 million, reflecting both new purchases and stock price appreciation. The transaction represented 2.75% of the fund's 13F reportable assets under management (AUM).
SL Green Fully Leases One Madison Avenue, Projects Strong Q1 Leasing
SLG fully leases One Madison Avenue after Harvey AI signs a 92,663-sq-ft expansion, capping the project and driving a record Q1 leasing pace.
Madison Square Garden Entertainment: Demand Is Materially Stronger Than I Thought (Upgrade)
Madison Square Garden Entertainment is upgraded to buy as demand, margins, and capital returns exceed expectations. Q2 2026 revenue grew 13% y/y to $459.9M, with AOI up 16% y/y despite one-off SG&A headwinds. The record-setting Christmas Spectacular and Harry Styles' 30-night residency provide strong visibility and a bullish demand outlook for FY 2026-FY2027.
Madison Mid Cap Fund Q4 2025 Portfolio Activity
We added four new investments to the portfolio: Bio-Techne, ServiceTitan, A.O. Smith, and MSA Safety. We sold two holdings, Trex and Microchip Technology. We trimmed our position in Amphenol during the quarter, on valuation.
How Does the Starr Lease at 343 Madison Shape BXP's Growth Story?
BXP lands a 20-year Starr lease for 275,000 sq ft at 343 Madison, boosting cash flow visibility and validating its bet on premier Midtown offices.
A Madison Avenue makeover: Omnicom's $9 billion merger with IPG is complete
Advertising giant Omnicom has completed its acquisition of Interpublic Group. The merger creates the largest advertising agency by revenue.
Madison Small Cap Fund Q3 2025 Portfolio Activity
The small cap team initiated a new investment position in Hexcel Corporation. Hexcel is a global leader in advanced composite materials. We initiated a position in Charles River Labs in Q3. CRL is a high-quality company in the drug discovery and development outsourcing space. Small cap exited Saia this quarter. The company has faced a challenging macroeconomic environment for LTL (less-than-truckload) pricing.
