Jets Stock Under Performing; Shareholders Fear Another Decline

Last year I wrote an article about the Jets and their stock price.  It seems not much has really changed in one year.  Sure the Jets made it to the AFC Championship game last season, but their stock still underperformed according to analysts.  This season, their stock seems to be sliding amongst fans.  Some are ready to dump their stock while others will stay invested.

The question usually asked is “What stock do the Jets have?”.  The PSL’s and season tickets are the stock.  Season ticket holders invest their money in the team in hopes the Jets (the stock) perform to their expectations.  This season has been one of fluctuations.  After this past weekend, analysts are not hopeful on post season performance.  The Jets and some however, will remain hopeful and release reports that state such.

Joe Namath who is probably the Jets biggest analyst has mentioned the same comments two seasons in a row on the Michael Kat Show on ESPN Radio.  He said the Jets are not as great as they think they are.  For two season Joe Namath has seen the Jets stock under perform and overvalued.  Some investors (PSL/season ticket holders) feel the same way.  They are waiting for the day the Jets stock is worth the price they are paying and finally see a return on their investment.

There are some stockholders who could care less.  They will invest as much as they can for years even if the stock constantly declines.  They will invest in tickets, PSL’s, merchandise, and anything else that has the Jets name attached.  These investors will tell those who either stop investing or do not invest as much that they are not as invested as they are.  Because they invest more that they are a bigger shareholder.  It does not matter how much you spend on your stock, all Jets shareholders are equal.  Unless you actually own the team or work in their offices.

The Jets need to win just about every game to ensure they can get a Wild Card spot.  December has proven to be a hard month for the Jets to win in previous seasons.  This is a hurdle they need to overcome and prove they can increase the value of their stock before the postseason.  If the Jets fall short of their goal, some might continue to ponder if the Jets stock will ever be worth more than what the team says it is worth.  Many investors feel they were over charged for an undervalued stock.

As it stands now, there will be no rally for Jets fans to get their team ready for the postseason.  If the Jets look like the team many remember, there may not be a postseason.  The dividend many PSL and season ticket holders hope for are home playoff tickets.  Many wait for that opportunity.  But it is up to the Jets to make sure they play at home as opposed to on the road.  Many fans have gotten accustomed to seeing he Jets on the road in the playoffs.  Sometimes, the tickets are cheaper at other stadiums rather than seeing them play at MetLife Stadium.  With no home game, no dividend.

With the Jets win over Buffalo today they are now 6-5.  Even though they are in the wild card hunt, a lot still needs to happen.  There are still too many unforeseen factors to see if they Jets will make the postseason.  Even if they do, they need the New England Patriots to perform miserably if the Jets have a chance at winning the division and securing at least one home playoff game.  Just like the stock market, no one can predict what the future holds for the Jets and their investors.

Even modest gains and spikes do not mean a stock is a safe bet.  Same goes in football.  The Jets need to do more than just win a game here and there.  They need to outperform the other teams.  If a stock wants to look attractive, it needs to out perform competitors and show gains to a potential investor.  Otherwise, that investor might invest in the competitor.  In the Jets case, the only other team locally are the Giants.  There have been some ticket holders who went from the Jets to the Giants and vice versa.  I have spoken with them during tailgating.

Many Jets investors stand behind their team.  They will be at every game until the end of the season.  They will believe the Jets can pull it out and make a run for another shot at the AFC Championship, and maybe a Super Bowl.  But what seems to be a sure thing sometimes isn’t.  The Jets have lost games they should have won, and won a few thy should of lost.  It all depends on which Jets show up the rest of the season.  There is no predicting the outcome of a game.  As one can not predict accurately a stocks future.

Before anyone can think about putting money aside for that playoff game, the Jets need to do their part first.  Well, other teams need to do their part and lose accordingly as well.  If the Jets performed a bit better earlier on, their postseason chances might be looking brighter.  Just like any public company who offers stock, the better the performance, the better the return.  The Jets need to show that increased performance if they want to give their investors the return they are looking for in the postseason.

Fans Message To Jets & Rex Ryan: Shut Up & Play

This past Sunday night, the Jets had an opportunity.  An opportunity to show not just their fans, but everyone who follows football that they should be taken seriously.  That the Jets are a team who not only want to go back to the AFC Championship for a third straight year, but win and go on to the Super Bowl.  The Jets and Patriots both stood at 5-3.  All they needed to do was win in convincing fashion against their AFC rivals.

But they didn’t

The Jets lost 37-16 and now sit wondering if they can still make the playoffs.  Albeit there are seven games left in the season, but which Jets will show up the rest of the year.  The Jets who claim they are Super Bowl contenders who defeated the Cowboys, Chargers, and Bills in convincing fashion?  Or will it be the same old Jets the fans are used to seeing from years past.  Only the players can determine which version of them will be ready at game time.

The fans are salivating for a championship.  Rex Ryan has made predictions, guarantees, and comments about how this is the Jets year and the team that will bring home a championship.  Maybe it is time for Rex to stop talking and come through on his promises.  Everyone loves how outspoken and confident he is.  But all that bravado does not win game or transfer that attitude to the players.  The players need to believe in themselves and show that on the field, not Rex Ryan.

For the past few season, Rex has reached out to the fans for support.  Season ticket holders get a pre recorded call at the beginning of the season as well as pleas throughout the season.  The fans are always there for the team.  But Rex has not delivered back to the fans.  Rex Ryan also took the opportunity in his postgame press conference to apologize to Jets fans after he challenged them earlier in the week to make this past Sunday’s game difficult for the Patriots.

“I thought we’d play a lot better. I thought we had really improved, I really did. I think we did improve, but when you make those types of mistakes – you fumble a punt, you have a poor timeout … time management was an absolutely critical error. That’s my responsibility. I own that one. You make that many mistakes against that team, there’s no chance. “

The playoffs are not coming up soon, for sure, so the Jets aren’t eliminating themselves from the AFC playoff picture by any means but Rex Ryan recognized, whether it was in jest or not, that the Jets division title chances took a big hit on Sunday night.

“It looks doubtful right now. What am I going to say? Maybe I should guarantee the fact that we’re out of it. The last time I did that, we made the playoffs. Yeah, we don’t have a chance.”

Maybe Rex should not guarantee anything.  Maybe Rex should impose a media blackout on himself.  Maybe he should just coach and let his actions speak louder than any words he can say.  But once again, his words this past Sunday seemed to get him in trouble…..again.  This time, getting caught on tape using profanities at a fan during halftime.

On the video, Ryan and the Jets’ players and staff are seen walking into the tunnel. A fan yells out to Ryan, “Belichick’s better than you,” and Ryan tells him to shut up, adding an expletive for good measure.

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This team and their coaches need to resolve any issues they have to make their play playoff worthy.  The fans are tired of the talk and empty promises.  Please back up that talk with convincing play on the field every game.  Show the fans that you REALLY want to go and win a Super Bowl.  Not just say it.  The Jets show flashes of brilliance, but not often enough.  Is this the players fault, or the coaches?

The fans have heard enough.  It is time for the Jets to live up to expectations.  It is time for Mark Sanchez and Darelle Revis to lead the team convincingly.  To show they are a Super Bowl caliber team and not just a playoff contender, which they do not look presently.  If they could not beat the Patriots and the worst ranked defense in the NFL, now do they expect to make it to the playoffs?

Impose a media blackout on yourselves.  Focus on winning and not talking.  Rex Ryan may be a great coach.  But he needs to show everyone he can back those words up with actions.  Will three times be the charm?  Rex said they were going to win even before the season started.  Actions speak louder than words.  Show us you can win, do not tell us.

Shut up and play.

Sunday’s Jets/Patriots Game Critical For Team & Fans

For the past year and a half, New Meadowlands Stadium now MetLife Stadium has been home of the New York Jets. But Sunday will feel like their first game in the new billion dollar stadium.

When the Patriots come to East Rutherford in a gigantic AFC East match against Gang Green,  it will be a test to see if all those years of waiting will make this stadium be home to the Jets and their fans or just another upscale VIP event.

To date, this will be the Jets biggest game they will play in the new stadium.  But to the fans and everyone watching, will it feel like it. More importantly, will the Jets play as it is their biggest game played in MetLife Stadium.

For as long as I have been filming at MetLife, the former New Meadowlands Stadium, no one has enjoyed it.  Fans have had reason to hate the PSLs.  The fans hate the way it looks like a prison from the outside.  It has no life.  The stadium feels like a shell of something that could be grander.

The Jets want fans at MetLife Stadium on Sunday vs. the Patriots to give Gang Green an advantage they have yet to see at home.  They want the fans to be louder than they have ever been.  To show that the Jets can defeat their AFC rivals with confidence and certainty.  The Jets biggest opponent are themselves, and that needs to be defeated easily before they can defeat the Patriots.

But maybe this game is what the new stadium has been waiting for. Maybe Brady, Billichik, Ochocinco, and the rest of the Pats walking into the Jets home is what has been needed. The sight of the Justin Bieber wannabe has done it time and time again. The most memorable home game of Jets coach Rex Ryan’s tenure was his first. On that Sunday back in September of 2009, Giants Stadium vibrated as the Jets defeated the Patriots in an opening day battle.

The past three years has been a period of change for many sports fans, and not just of football. We’ve seen Yankee Stadium, Shea Stadium and Giants Stadium torn down. Rising in their place have been buildings that seem to be more about profits than the roar of the fans, that prefer the upscale, casual sports viewer than the outspoken die-hard fan.

Since I started filming, I have heard stories & watched fans who saw Joe Namath play at Shea leave overpriced seats behind where they could have watched Mark Sanchez in a new stadium . Tales of longtime season-ticket holders fuming and forced out in droves have seen masses not come back to watch all their local sports teams.

For the Jets, MetLife Stadium was supposed to represent their first real home. The franchise has wandered like gypsies from other peoples home stadiums beginning with the Polo Grounds. MetLife is shared with the Giants, but the franchise does everything possible to make the stadium feel like home by making it look green on game day.  So fans feel like it belongs to them, not the Giants.

Like the new homes of the Mets and Yankees, though, the Jets are limited in how they can make MetLife stadium feel like home. Most of it has to do with what’s happening on the field & the green colors outside on game day. Yankee Stadium felt like doppelganger to some until they had their series with the Boston Red Sox during the opening season. Citi Field needs a Mets makeover before it becomes a tough ticket.  It has yet to feel warm and inviting to Mets fans.

On Sunday, it is zero hour for Gang Green and their fans. The Jets have a chance to see what their home field can truly sound and feel like. They have played 12 games at MetLife Stadium to date. Brett Favre’s return last year had the place shaking. The season opener with the Cowboys this year got loud when Joe McKnight blocked a punt in the fourth quarter.  But that is nothing compared to what the fans can truly sound like.

Nothing compares to the present, though. Bill Belichick and Brady enter this game vulnerable. With both teams at 5-3, this feels like an AFC Title game. It could determine whether the Jets bring a playoff game to MetLife this year.  Something the fans have demanded for years.  The ability to watch their team at home in the playoffs.  To give their Jets a home field advantage the likes the team has not seen.

Is that enough for those in the VIP boxes and Coaches Club sections to put down their over priced drinks and prime rib? Maybe Woody Johnson needs to sit with the real fans to find out what it truly feels like to be at a home Jets game.  At about 8:30 Sunday night come kick off, we’ll find out.

No Monopoly On Free Parking Around MetLife Stadium

Ever since I gave up my season tickets I have not been able to park by the stadium when I film my documentary.  One needs to obtain a parking pass to park on the premises.  For a PSL or season ticket holder, the offer is there when you buy your tickets.  Those who buy tickets for single games can buy a parking pass on Stub Hub, Craigslist, NFL Ticket Exchange, or other areas.  You may have to pay a little more than the season ticket holder but at least you get to park at the stadium.  For someone like me who is trying to save a couple bucks, trying to find a close place to park for free is not that easy.  Now it is almost impossible.

Last year I did some scouting of nearby locations and found one.  The Sheraton hotel right across Route 3.  It was close enough and provided free parking.  The one problem was the walk across Route 3.  It reminded me of the Activision game Freeway for the Atari 2600.  I was glad there was an overpass to use to walk right onto the stadium lot to make that rip easy.  Still had to watch out for cars, but it was a good walk.  Sometimes good things do not last long.

The second game of the season saw Stub Hub control the parking at the Sheraton.  They were charging $25 per vehicle to park there plus an additional cost for transportation to and from the stadium.  I told the attendant I was only going to the hotel.  He let me in so I was able to park for free.  That was the only time last season Stub Hub controlled the parking at the Sheraton.

Stub Hub Rates At The Sheraton

Other businesses around the stadium were charging for parking at various point during the season.  So those who tried to do what I did had no choice but to pay for parking wherever they parked.

The rest of the season no one controlled the parking at the Sheraton.  It was really the only place one could park close by for free and get over to the stadium.  I didn’t see too many other Jets fans there.  It made going to the game easy and hassle free.  The only issue was a long walk.  I did not mind that.  I thought I could rely on using the Sheraton parking as the place to park close for free in the future.  Was I wrong.

This season it appears every local business is charging for off site parking.  Stub Hub still charges $25 per vehicle at the Sheraton.  They also charge $5 to get over to the stadium and $5 to get back to the Sheraton per person.  Nice little program they have.  Homestead Suites next door charges $30 per vehicle.  It seems $25-$30 is the going rate for non stadium parking.  Many provide transportation but few still do not.

It seems every local business is that has a parking lot is trying to make extra money off the fans.  What seemed to be a way to keep some cash in the pocket is now a business venture for those looking to take that cash back out of the fans pocket.

From Redd’s Restaurant on Route 120 to others on Paterson Plank Rd, it seems many are off site parking for Jets and Giants fans.  If one has a residence close enough to MetLife Stadium, that individual could even charge for parking.  How could someone with a home do this? Easily.

Just do what the rest of the businesses do.  Apply for a permit through your town to provide the parking.  Albeit you should have sufficient space & offer transportation to and from the facility, but it can be done.  That is all these other businesses do.  They get a permit from the NJMC to be able to have permission to charge for parking.

To find out some of this information was not hard at all.  But I felt I was being deceived.  Last Sunday I was told from a Carlstadt officer to talk to a representative in the Parking & Concessions department at MetLife Stadium and a Lieutenant in the NJ State Police.   The officer said these people would have the information I was looking for.

So I started out by calling MetLife Stadium and instantly found the individual I was looking for.  The representative was very candid and spoke off the record so I will not be giving their name.  They said the stadium has no dealings or business with any outside party looking to charge or provide off-site parking for Jets or Giants games.  These parties have to go through the Meadowlands C Commission to get permission to charge for parking.

The Meadowlands Commission serves and the zoning and planning agency for a 30.4 square mile area along the Hackensack River covering parts of 14 municipalities in Bergen and Hudson Counties.

The New Jersey Meadowlands Commission (NJMC) issues a Certificate of Approval for an Outdoor Event (The outdoor event in this case is off-site parking for patrons attending events at NJSEA facilities).  The NJMC does not charge an application fee.

An application for an outdoor event is submitted to the NJMC for review with one copy of a site plan indicating the location of event areas.  The application is accompanied by copies of notification letters to Municipal Police and Fire Departments.  The NJMC must receive approval letters from both the Police and Fire Departments before issuing any approval.  Outdoor events shall not exceed a total of 14 days per property per year.

Applications must be submitted a minimum of 15 business days prior to the event. So far ten applications have been approved this year.  The NJMC only deals with the property management companies and not the business tenants.

Due to safety concerns regarding pedestrian traffic between the off-site parking locations and the NJSEA facilities, the municipal police departments require that pedestrians and vehicles be directed in a safe and orderly manner and that shuttle buses be provided continuously throughout the course of the events to prevent pedestrians from walking between the site and the NJSEA facilities.

The MetLife Stadium official endorses the use of shuttles from off-site parking facilities.  They do not wish to see people walking over Route 3 or other major highways to get to the stadium.  They also encourage the use of public transportation.  They prefer fans take buses or trains from the Secaucus Junction to get to the stadium.

So in the case of Stub Hub, they deal with the Sheraton directly.  The cost for their shuttle is optional as some opt to walk over to the stadium.  So one could drive to see what businesses are not charging for p[parking.  But one would have to consider their car might be ticketed or towed for parking illegally.  But some fans will take that risk just to save a couple bucks.

If you are one of many who purchase single game tickets and prefer to drive, look into a parking permit first.  You might end up paying face value for it of a few dollars more  It is better than the other options of giving your money to an off site lot and risk having a shuttle or not.  In my opinion, get the parking permit.  Parking at the stadium is more fun as it enables you to be able to tailgate.  Do not be the chicken who crossed the road.