Barron’s Thinks That Cablevision (CVC) Is On The Right Track

Cablevision’s (NYSE: CVC) decision to spin off Madison Square Garden and related assets is the first step to unlocking stock's value, thinks Barron’s Jay Palmer. For Barron’s this deal is important because it frees Cablevision (CVC) from $1 billion cost of renovation of the arena and clarifies its balance sheet, making the company more analyzable. The deal, initiated by Dolan family, would make Cablevision more attractive for takeovers, by Comcast (CMCSA) or Time Warner Cable (TWX), writes Barron’s Jay Palmer.

Cablevision’s (CVC) winning streak of eight trading sessions in a row came to an end on Friday with a 0.21% drop in price. The stock closed at $24.32 marking the first fall in September.