The National Basketball Association canceled the first two weeks of the regular season, and by the looks of the divide between the two negotiating parties, more cancellations appear to be a certainty. The NBA’s lockout has already gone on for four months, and the split between the owners and the players now threatens the entire 2011-2012 season.
I don’t presume to be qualified to pass judgment on which side of the bargaining table has the stronger argument. I do know, however, that the biggest bone of contention is the revenue split of so-called basketball-related income, or BRI. The owners want a higher percentage of BRI, and while the players say they are willing to reduce their share of the BRI court, an agreement on percentages still is very far apart.
What I do feel qualified to do is warn investors about the stocks that stand to suffer the most from a protracted NBA lockout, and/or a complete cancellation of the upcoming season.
Here are four stocks to pass on due to the NBA lockout.
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