Agree with the first part of your post but not the second. Why would they mis-guide investors to think future revenues would be so robust when we just finished a very strong election cycle? This will be dead money next quarter. Won't be another quarter ike this for awhile. MAYBE they'll announce a dividend?
Next Quarter (October-December) is the top of the poltiical cycle plus they add 30 million in revenue associated with the new stations that we took over on 10/12/12. 3.5 weeks of heavy political added to those additional stations. I'm thinking I'm conservative on the 70% number.