Top fund manager John W. Rogers Jr. says there’s money in sports — and the stocks of sports-related companies.
“Sports is in the sweet spot of transformative technology and media that have made these pastimes even more ubiquitous and entertaining,” Rogers writes in his latest Forbes column. “And more lucrative.”
Rogers says high-definition television is allowing sports fans to watch games in better quality and mobile devices are letting them watch games on the go. And, while the rise of the DVR has let consumers bypass ads on TV shows, most sports fans watch games live, and thus can’t fast-forward through ads, which are a cash cow, Rogers notes.
Rogers looks at a few sports-related stocks that he likes. Among them: International Speedway.