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Gray Television Inc. Message Board

  • texasrw texasrw Jan 13, 2012 10:48 AM Flag

    Finally

    Got my order filled for 20k shares at 1.58-1.59. Now lets look back on May 2012 to see if it was a good buy or not. Order was mostly filled by 100-300 share lots. Anyone else buying here?

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    • I already own 164,280 GTN shares but will round up to an even 200,000 if we hit $1.50.......there's a 15,000 share buy block at $1.54 now. I bought another 13,000 TVL yesterday at $4.00.....in a few months in won't matter if you paid $1.50, $1.60, $1.70 or $1.80 on GTN........it'll easily be $2.50 to $3.00........they will pay down another $100 million+/- in debt in next 12-15 months as well as buyback all the preferred they are paying 17.5% interest on. They may not be able to do a refi in 2012 eveen though I think they can pull it off.....they will definitely be able to in 2013. They should be able to shave a point off of bank debt and at least 2-3 points off the $365 million in bonds. In 2013 this stock will be $4+.......DaninFW

    • Have an order to buy at $1.54, we'll see . . .

    • Picked up several k at 1.54 Now's the time to load up with the political season this year. This should dble and could triple this year

      • 1 Reply to lloydadkins70
      • I agree. I think a double is very possible if the market can shake off Europe. If GTN can pull off a refi or perhaps sell off a major asset to pay down debt so they can then do a refi and delever, we could easily see a triple. Besides political, I see a major upside from auto advertising. I think we will easily see double digit gains especially with the numbers being reported by Toyota and other foreign manufacturers with Ford and GM delivering stellar results as well. They are going to have to do major advertising to maintain and gain. There's also the issue of about 4-6 months due to the Japan catastrophe in a few more months where they will blow away those numbers from last year. Toyota didn't have cars to sell so why advertise. We will start seeing Q4 results in next 2-3 weeks from this sector. I also think we will start seeing upward revisions and raised projections for the sector after Q4 reports. In the case of GTN, they had massive, can't remember number off hand, but I think almost half their retrans agreements just got renewed so retrans will be higher than expect as well. Even with a double for GTN this year, I see a triple for sure next year as a refi will indeed be possible and they too like TVL and BLC will drop millions more to the bottom line just from reduced interest costs. DaninFW

 
GTN
9.01+0.040(+0.45%)10:29 AMEDT

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