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Nexstar Broadcasting Group, Inc. Message Board

busy26795 67 posts  |  Last Activity: Aug 29, 2014 3:30 PM Member since: Aug 26, 2009
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  • We'll also buy 500 shares of Kinder Morgan (KMI:NYSE) at
    $41.39. In energy, we like to own stocks that either have an
    ongoing internal restructuring, a commitment to a high
    payout ratio (and a growing divided yield), or management
    that is committed to creating shareholder value. KMI is all
    three. We like the recent move to simplify its corporate
    structure, going from a master limited partnership to a C
    corporation, which will lower its cost structure and enable
    the company to complete acquisitions for further growth. It
    also has an attractive 4.2% dividend yield and an attractive

    So much more detail


    Jim Cramer, Stephanie Link, and TheStreet Research Team

    Sentiment: Strong Buy

  • Reply to

    Cramer just bought KMI for AA+

    by busy26795 Aug 19, 2014 3:55 PM
    busy26795 busy26795 Aug 19, 2014 4:02 PM Flag

    We like the deal for several reasons: It simplifies the
    company structure, reduces the cost of capital by half,
    positions the company to raise the dividend annually by 10%,
    gives it size/scale advantages and capability to be an
    aggressive consolidator in the industry, and most important,
    investors can focus solely on the strong underlying
    fundamentals rather than the distractions of various moving
    pieces, which should afford it a higher valuation multiple.
    Also, as a C Corp the company opens up its potential
    investor base compared to its general-partner peers.

    The new entity will remove the incentive distribution
    structure that has prevented the company from paying out a
    higher distribution and it raises the fair value estimates
    substantially. It creates an energy midstream giant with an
    enterprise value of $140 billion that generates $8 billion
    in earnings before interest taxes depreciation and
    amortization annually and nearly doubles the cash available
    dividends to $7.3 billion in 2020 from $4.7 billion in 2015.
    This translates into 10% distribution growth between 2015
    and 20120. This alone is reason to own the position.

    Sentiment: Strong Buy

  • LO Lorillard Bulls Light Up on Reynolds Deal Speculation

    Speculation that Lorillard Inc. (LO) will strike a deal with Reynolds American Inc. (RAI) is heating up the options market.

    Demand for bullish calls on Lorillard, the maker of Newport and Maverick cigarettes, reached a four-year high last month relative to puts, according to data compiled by Bloomberg. Short sellers have abandoned the stock during a 20 percent rally this year, leaving bets on declines at a one-year low, data from Markit Securities Ltd. show

    Reynolds explored the purchase of Lorillard for several months with its efforts stymied by the complexity of a potential agreement, people with knowledge of the matter said in May. Imperial Tobacco Group Plc’s decision to sell assets in Spain may alleviate antitrust concern between the biggest sellers of tobacco after Altria Group Inc. (MO)

    “It wouldn’t surprise me if something gets announced soon,” Bonnie Herzog, an analyst with Wells Fargo & Co. in New York, said in a phone interview yesterday. “There’s no question that you have tremendous synergies and cost savings.”

    Traders have increased ownership of bullish options as Lorillard rallied, and now own 1.1 calls for every put, the highest ratio in a year, data compiled by Bloomberg show. Among the eight contracts with the highest ownership, six were calls.

    Sentiment: Strong Buy

  • RAD
    By Jim Cramer
    | Jun 05, 2014
    | 1:32 PM EDT

    The more I dig into Rite Aid the more I like it with same store sales coming in terrifically. The "blow-up" was a timing issue and a communications issue and not much else.

    Sentiment: Strong Buy

  • ROSG

    Rosetta Genomics price target raised to $10 from $7 at Barrington

    Barrington raised its price target for Rosetta Genomics shares to $10 citing the issuance of a U.S. patent covering both composition of matter and utility of MicroRNA miR-205 for diagnosis and treatment of prostate cancer. The firm views the patent as unexpected and reiterates an Outperform rating on the stock.

    Sentiment: Strong Buy

  • Reply to

    Cramer just bought KMI for AA+

    by busy26795 Aug 19, 2014 3:55 PM
    busy26795 busy26795 Aug 19, 2014 3:58 PM Flag

    KMI was set up as the general partner, with interests in
    Kinder Morgan Energy Partners LP (KMP:NYSE), El Paso
    Pipeline Partners LP (EPB:NYSE) and interests in several
    legacy El Paso pipeline and storage assets. It was one of
    the largest general partners in the MLP space with a very
    diverse set of assets across the energy midstream spectrum.
    Following last Sunday night's acquisition of all of its
    equity interests, the company's structure and growth story
    has changed significantly, and for the better. Because of
    this transaction we want to be involved in the name as it
    has transformed itself into a simpler C Corp structure,
    which will produce higher dividends, see lower costs, do
    more M&A, and create the world's third-largest energy
    company behind Exxon Mobil (XOM:NYSE) and Chevron (CVX:NYSE).

    The deal announced last week was the acquisition of all the
    outstanding equity interests of KMP: Kinder Morgan
    Management and El Paso Pipeline Partners, which will
    consolidate the midstream assets into one entity. KMI will
    issue $40 billion in equity and pay $4 billion in cash. The
    deal will close in 4Q 2014. In essence, it will remain an
    MLP under a C Corp structure, so it will continue to pay out
    the majority of its cash flow in the form of a dividend and
    then finance growth capital with outside debt and equity.

  • Reply to

    Cramer just bought KMI for AA+

    by busy26795 Aug 19, 2014 3:55 PM
    busy26795 busy26795 Aug 19, 2014 4:06 PM Flag

    yahoo keeps taking away the rest of the AA+'s long. I see it then it disappears. What a mess they made of their message boards. It's a shame!

  • MLP conversion is the major part of the will appear her soon

    Sentiment: Strong Buy

  • busy26795 busy26795 Jun 5, 2014 3:45 PM Flag

    He's going to bring this up over and over again...CS agrees with him

    RAD Rite Aid issues with McKesson temporary, says Credit Suisse
    Credit Suisse said Rite Aid's (RAD) issues with McKesson (MCK) are temporary and the start of savings from the deal will begin in Q2 instead of Q1. The firm would use weakness to buy Rite Aid and reiterates its Outperform rating

    Sentiment: Strong Buy

  • He wrote two Columnist Conversations on RAD today on Real Money, his pay site. He also did say you may be able to get it lower than today's close tomorrow...never works that way though

    Sentiment: Strong Buy

  • busy26795 by busy26795 Jun 27, 2014 7:28 AM Flag

    Current short squeeze value of $7.03

    Sentiment: Strong Buy

  • News Breaks

    July 11, 2014

    LO Lorillard acquisition by Reynolds may be announced soon, says Wells Fargo
    Wells Fargo believes that an acquisition of Lorillard (LO) by Reynolds American (RAI) could be announced as soon as today or next week. The firm still sees a 90%+ probability of the deal being completed and thinks it will create value for shareholders of both companies. The firm expects Reynolds to pay a 20% premium to Lorillard's closing price yesterday of $63.09. wells expects both stocks to rise sharply today and reiterates Outperform ratings on both names

    Sentiment: Strong Buy

  • NXPI

    August 18, 2014 NXPI NXP Semiconductors shares should be bought, says Sterne Agee

    Sterne Agee expects NXP Semiconductors to significantly benefit from the proliferation of EMV cards in the U.S. and China. The firm also thinks the company will be boosted by strength in its automotive and mobile payments markets, and predicts that its gross margins and revenue will beat expectations going forward. The firm keeps an $82 price target and Buy rating on the shares.

    Note that Goldman Sachs downgraded NXP Semiconductors to Sell from Neutral earlier today

    Sentiment: Strong Buy

  • News Breaks

    July 1, 2014

    NUAN Acquiring Nuance would make sense for Samsung, says Oppenheimer

    After speculation arose that Samsung and private equity firms had held strategic discussions with Nuance lately, Oppenheimer thinks that Samsung has a strategic rationale to acquire Nuance. However, the firm notes that Samsung appears to be focusing more on small acquisitions than major acquisitions. Nonetheless, Oppenheimer believes Nuance could be acquired for $25-$30 per share. It keeps an Outperform rating on the stock

    Sentiment: Strong Buy

  • Reply to

    Cramer just bought KMI for AA+

    by busy26795 Aug 19, 2014 3:55 PM
    busy26795 busy26795 Aug 19, 2014 4:19 PM Flag

    The deal is expected to be accretive to distributable cash
    flow by between $0.60 and $1 per share over the next five

    In addition to higher distribution and lower cost of capital,
    management indicated that M&A was another factor behind its
    decision. They didn't speculate on what sorts of
    transactions they would do, but buying another MLP or going
    upstream into the exploration-and-production space wasn't
    ruled out. They commented that they want to remain the "toll
    road" to the industry (collecting fees to transport), but
    knowing this management as we do, we wouldn't put anything
    past them in driving higher growth, stronger payouts and
    delivering exactly what they intended when they first
    started the MLP structure.

    Shares trade at a discount to midstream C Corps on a
    yield/growth parameter, yet they will have a higher payout
    ratio at 90% (vs. 70% to 80% for peers). It trades at a
    slight premium to the group on enterprise value/EBITDA of
    15.7x vs. 13x for the group and 16x price/DCF vs. 15x for the
    group. But KMI is in strong position to post higher organic
    growth given its size and scale. We like the deal, and
    believe higher growth is inevitable as well as a higher
    stock price over time. Our price target is $50.

    Sentiment: Strong Buy

  • busy26795 by busy26795 Aug 12, 2014 2:57 PM Flag

    ATHM and BITA are roughly the same size in terms of revenue. both names are worth watching as the concept of marketing vehicles online is still a fairly new concept in China but it's catching on quickly. BITA has made a huge move this summer (+140% since mid-April). ATHM has mostly been trading sideways the past few months but is starting to get picked up as a lesser known play on BITA.

    The ironic thing is that ATHM reported very strong results last week but the stock did not react too much. It wasn't until the better known BITA reported very strong Q2 results Monday in the pre-market that ATHM is starting to get picked up as a secondary play. BITA jumped 10% yesterday and another 5% today on some positive sell side analyst comments from OpCo (firm raised its target on BITA to $78 from $45).

    Sentiment: Strong Buy

  • News Breaks

    August 25, 2014

    07:37 EDT JCP
    J.C. Penney recommneded as a Long Trade Idea at JPMorgan

    JPMorgan recommends J.C. Penney as a long Trade Idea into the upcoming Fall analyst meeting given the increasing likelihood the company announces a restructuring that could include store closings and expense reductions. The firm was encouraged by Q2 top-line growth and said promotional cadence has returned to FY11 levels and believes shares are setting up for a year-end rally

    Sentiment: Strong Buy

  • busy26795 busy26795 Aug 18, 2014 10:37 AM Flag

    NXPI 8/15/2014
    Stifel Nicolaus
    Initiated Coverage

    NXPI 8/8/2014
    Canaccord Genuity
    Initiated Coverage

    24-Jul-14 13:25 ET


    NXP Semi target raised to $76 at Topeka Capital Markets; upside from program ramps; Buy (65.84 +1.30)

    Topeka Capital Markets raises their NXPI tgt to $76 from $72. Co reported above seasonal rev results across its HPMS segments driven by broad-based demand strength. Firm continues to be encouraged by the breadth of demand strength and expect additional program ramps to boost 3Q14 growth. Firm believes NXPI remains positioned to benefit from product cycles and share gains into 2H14, and are optimistic about the intermediate-term growth outlook.

    NXPI 7/25/2014
    Jefferies Group
    Reiterated Rating
    $72.00 - $80.00

    24-Jul-14 01:23 ET


    NXP Semi beats by $0.04, beats on revs; guides Q3 EPS above consensus, revs above consensus (64.54 )

    Reports Q2 (Jun) earnings of $1.09 per share, $0.04 better than the Capital IQ Consensus Estimate of $1.05; revenues rose 17.3% year/year to $1.39 bln vs the $1.33 bln consensus.


    Co issues upside guidance for Q3, sees EPS of $1.25-1.35 vs. $1.18 Capital IQ Consensus Estimate; sees Q3 revs of $1.43-1.48 vs. $1.4 bln Capital IQ Consensus Estimate.

    Sentiment: Strong Buy

  • 15-Aug-14 09:51 ET


    Energy XXI: Stock looks oversold; tgt lowered to $30 at Canaccord Genuity but maintain Buy
    Canaccord Genuity lowers their EXXI tgt to $30 from $36 following disappointing production guidance. That said, firm still likes EXII for its oil-weighted asset base, the horizontal drilling program in the Gulf of Mexico (GOM), a history of generating free cash, and potential upside from its exploration program. The acquisition of EPL makes EXXI the largest public independent producer on the GOM Shelf. A "hard" NAV of ~$28 underpins solid value, in firm's view.

    Sentiment: Strong Buy

  • "Here's the skinny. Rite Aid's gotten into a relationship with a drug wholesaler that caused the hit to earnings. But when you dig down into the story you realize that this issue is an anomaly. In the meantime the company reported fabulous May same store sales numbers, thereby convincing me that the turn is very much on track and then some."

    Therefore Cramer thinks the decline is a big opportunity, " In fact, this may be the best single buying opportunity in Rite Aid you are going to get," he said.

    Sentiment: Strong Buy

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