That was a beautiful run. Nothing wrong with the financials, I just think it's reached it's fair value. If this market holds up this thing could be at $10 soon but I'm made a double here and I'm taking profits for now.
I'm going to hold my SBGI longer. I just see them having growth the next two years and I think that stock's fair value is closer to $20 in 2 years. Almost a double from here.
Your evaluation is consistent with the 11/15/12 "The Fundamental Issue" message. With your "double" in TVL you're not waiting for the"...pigs get slaughtered" part and that's smart. Your SBGI statements are reasonable and your getting a nice dividend to boot.
It ran a long way in a relatively short time. I'm going to sit with my SBGI for awhile and look for opportunities to short BLC. 1st quarter pacing in not good right now. Most of that due to the "cliff" talks putting off buys. Over the markets I follow local is pacing down 10% and national down slightly less.
TVL and SBGI will still show strong progess due to their recent purchases but the companies that didn't buy this past year (BLC) are about do see some strong loss in earnings power this year.