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.
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.