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Gray Television, Inc. Message Board

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  • daninfw04 daninfw04 Jan 13, 2012 12:51 PM Flag

    Finally

    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

 
GTN
10.29-0.270(-2.56%)Jul 27 4:02 PMEDT