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Media General, Inc. Message Board

  • value_invstr value_invstr Jun 6, 2013 2:33 PM Flag

    Today was a game changer

    Almost every issue this company had just went away. They will now have one of the best balance sheets in the industry at 4x leverage, interest expense is going down big time, NOLs and tax shield are larger, Pension liability is going down substantially, but most importantly they gave us a $2/share FCF number for 2012. That means that in 2013 it will be down probably to $1.50/share or so given the lack of political but will be up probably to $2.20 in 2014. We don't have all the information, but this is a home run. With those FCF #'s, and a fortress balance sheet, the stock is easily worth $15-$20. It's just math, 10x FCF/share. We await the divdend for share buyback news next year.

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17.88Sep 27 4:02 PMEDT