Sat, Apr 19, 2014, 5:36 AM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Sinclair Broadcast Group Inc. Message Board

  • wow1smallworld wow1smallworld Oct 28, 2012 8:09 AM Flag

    Good idea to buy SBGI now before earnings?

    Looks it is rallying into earnings and as I recall SBGI usually runs up after earnings are announced (pmaybe even a special divy this time) so perhaps a good idea to buy now on this basis for a trade? Thanks for your thoughts.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Generally speaking, yes, I think it will be a good time to buy. I'm not as much an investor in this company as I am a trader of it so take this with a grain of salt. I am predicting that they'll beat estimates by a a few cents. Moreover, they have been buying profitable assets which will pay dividends in the future. If they announce a special dividend it will surely see a pop. With political ad spending and increased auto sale commercials I would anticipate a strong 3rd quarter and probably a strong 4th quarter. I would re-read others post (there are two people on this board very knowledgeable - which I can't spell right now but it'll be obvious they are informed) who can speak to the future in terms of retrans etc. I defer to them. If the stars line up for us I am thinking we'll see 14.00-15.00 by year end.

      Like I said, I buy and sell on the daily/weekly swings. I bought in at 11.70 - sold near 12.70, bought back in at 11.90. My plan is to hold now for a bit longer until all political ad revenue is tallied.

27.55+0.14(+0.51%)Apr 17 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
AutoZone, Inc.
NYSEThu, Apr 17, 2014 4:00 PM EDT
AsiaInfo-Linkage, Inc.
NasdaqGSWed, Jan 15, 2014 4:00 PM EST