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Sinclair Broadcast Group, Inc. Message Board

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  • belobuster belobuster Apr 12, 2012 1:16 PM Flag

    What am I missing??

    Agree looks cheap and selling a bit overdone. Thinking maybe a large, motivated seller. Blackrock filing yesterday stated that they reduced holdings below 5% of the total outstanding shares. Perhaps they are continuing to sell down their position?? Regardless, looks cheap by any measure... especially with Russell rallying 1.6% today and sector peers up that much, or more. Makes no sense for this to be down nearly 1% today after the recent selloff - especially when the FCF yield on the stock is approximately 20% and that's not taking into consideration that the company has $2/share in non-core assets....adjusting these assets out and the FCF yield jumps to nearly 25%! Add in the 4.83% dividend yield and this looks attractive. Be patient, will be rewarded on this one.

27.40+0.06(+0.22%)Oct 6 4:00 PMEDT