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Gray Television, Inc. Message Board

  • daninfw04 daninfw04 Sep 23, 2013 1:42 PM Flag

    GTN to Double?

    This is the crust of the Barron's article that SBGI and NXST could go up 20% this year and DOUBLE next year:

    Nexstar, Sinclair could gain 20 percent this year -Barron's
    12:39 PM ET, 09/22/2013 - Reuters

    Sept 22 (Reuters) - Shares of Nexstar Broadcasting Group and Sinclair Broadcast Group have had a great year to date, but could still gain another 20 percent in the coming year and then eventually double as investors key in on their value related to the airwaves, financial weekly Barron's said.

    As consumers pull an increasing amount of data on their smartphones, those broadcasting airwaves are becoming more valuable and both Nexstar and Sinclair control a large swath of that real estate, Barron's said in its Sept. 23 edition.

    Sinclair and Nexstar are not well known on Wall Street, with market capitalizations of $2.9 billion and $1.1 billion, Barron's said.

    Sentiment: Strong Buy

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    • I am assuming you think GTN will outperform those two, otherwise your money would be in them and not GTN. Thanks for posting key parts of the article.

      • 1 Reply to wow1smallworld
      • I think LT over the next 2-3 years SBGI will be at an outrageous price. The politicians don't want VZ and T to bid on the spectrum which means the prices will stay low. However, the ONLY ones selling spectrum are going to be the ones in trouble or small old prototype UHF stations that just want out. IMVHO the spectrum auction next year is going to be a joke. The big players will wait for at least 2-3 years before they even think about selling. It will force the politicians to open the playing field. But, SBGI has lobbied for almost 2 years now that they want to lease the spectrum not sell it and give the government 5% a year fee. I think MEG, GTN and LIN will get gobbled up fairly quickly which is why I like GTN better today. I still believe that GTN is up to something to delever and grow the company. This should give a quick boost but also if they get their balance sheet in order will also put them on the radar for a bigger company to buy. I see a two step process that will drive GTN to at least $12 a share in next 6-12 months. DaninFW

        Sentiment: Strong Buy

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