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LIN TV Corp. Message Board

daninfw04 461 posts  |  Last Activity: 20 hours ago Member since: Mar 23, 2004
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  • Good to hear from you again. I remember you. I too would not touch ORLY, DAP or AZO. PBY is in a different situation. It is the perennial turnaround story or buyout story. Has been for almost 20 years. Real estate is main support worth $9-10 and perhaps more now. We got a clue of that based on relocating a few stores or closing stores and selling the real estate this last quarter. The tax people just increased my appraisal for my personal home by $70,000 for this year after $50,000 last year. It is causing me to rethink PBY's real estate values. PBY's has been so poorly run and mismanaged it's pathetic. I said this year's ago when I posted a turnaround plan and offered to fix PBY's for $1 a year and options only if I got the stock price above $14. It can be done but time is running out. I am waiting to see who the CEO is going to be. DaninFW

  • Reply to

    Big Buyer

    by daninfw04 Apr 17, 2015 12:44 PM
    daninfw04 daninfw04 Apr 17, 2015 4:41 PM Flag

    Just saw this. I hope you came out alright. I think you did. DaninFW

  • daninfw04 by daninfw04 Apr 17, 2015 12:44 PM Flag

    Market is crashing and EVC is holding today. Just saw where EVC has a standing buy order of 50,000 shares at $6.55............

    Sentiment: Strong Buy

  • Reply to

    Downward Revisions

    by daninfw04 Apr 17, 2015 9:48 AM
    daninfw04 daninfw04 Apr 17, 2015 11:58 AM Flag

    It's been a few years and I would have to research but I do remember buying 77,000 at one time. I usually trade 40,000-60,000 when I trade/buy. But, I usually buy 20,000-30,000 and if it pops I sell. If it drops I average down. DaninFW

  • Reply to

    Downward Revisions

    by daninfw04 Apr 17, 2015 9:48 AM
    daninfw04 daninfw04 Apr 17, 2015 11:07 AM Flag

    Based on history you should do okay. But, as I have said for a year or so now......if any of the big holders finally give up and dump it could get ugly. Gabelli has been supporting for almost two years now. I may miss out this time but I don't plan to buy until it bottoms and I see a narrow trading range for several days. I would rather it go up a dime or so and I buy then buy now and it drop 50 cents or dollar. DaninFW

  • daninfw04 by daninfw04 Apr 17, 2015 10:09 AM Flag

    The NYT's had a great article yesterday where they talked about local broadcasters going to get billions for their spectrum. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Apr 17, 2015 9:54 AM Flag

    Wow, the analysts are now projecting sales in 2015 to be up 22%. They have raised EPS expect from just 7 days ago from $2.62 to $2.67. They were projecting only $2.48 just 30 days ag0. They now expect $2.71 in 2016 up from $2.52 just 7 days ago. They also show expect of $978.3 million in revenue in 2016. I expect well over one billion. A very hot stock. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Apr 17, 2015 9:48 AM Flag

    The analysts in the last 7 days have lowered expect in 2015 from 37 cents to 16 cents and in 2016 from 39 cents to 24 cents. The poor performance of PBY's will also not allow for top dollar in a buyout with current problems exposed. Not a long term investment IMVHO but always a great trading stock. I believe we will dip below $8.50 and possibly even $8 especially if current overall market continues to weaken. Taking over 7 months to get a CEO also says something is going on in the background. Stock will pop or drop depending on who they announce but they better get a heavy weight this time. DaninFW

    Sentiment: Strong Sell

  • daninfw04 by daninfw04 Apr 15, 2015 3:44 PM Flag

    This was announced today as well and might lead to foreign companies buying broadcast companies.....making them more valuable:
    "He also reiterated the idea of allowing a more than 25 percent foreign ownership of a U.S. broadcaster, which the FCC is now only allowed to permit on a case-by-case basis. The issue was raised by Commissioner Michael O'Rielly on a FCC blog posted in March.

    "There are important details that will need to be considered, including how to make appropriate allowance for any national security issues that might arise," Wheeler said. "But, overall, I am optimistic that this is an opportunity that we will grasp successfully."

    Sentiment: Strong Buy

  • Reply to

    PBY loss

    by thegoodwife7 Apr 15, 2015 9:59 AM
    daninfw04 daninfw04 Apr 15, 2015 3:40 PM Flag

    Might be a dead cat bounce too. I would not be surprised if we are close to the low as Gabelli is probably shoring up. Still down on a strong market however. Argus came out today and lowered their projections but left it a strong buy and price target of $15. They have done this every quarter for at least a year now. That might be giving it support. I wouldn't touch unless around $8.50. Average consensus now is just $9. DaninFW

  • daninfw04 by daninfw04 Apr 15, 2015 1:54 PM Flag

    Reuters) - The U.S. Federal Communications Commission is "on track" to hold the broadcast TV spectrum incentive auction in early 2016, Chairman Tom Wheeler said on Wednesday.

    The FCC will begin accepting auction applications in fall 2015, Wheeler said while speaking at the National Association of Broadcasters Show in Las Vegas.

    Sentiment: Strong Buy

  • Reply to

    PBY loss

    by thegoodwife7 Apr 15, 2015 9:59 AM
    daninfw04 daninfw04 Apr 15, 2015 12:10 PM Flag

    If it hits $8 I will start buying and average down if it continues. Gabelli won't let it fall far. DaninFW

  • Reply to

    PBY loss

    by thegoodwife7 Apr 15, 2015 9:59 AM
    daninfw04 daninfw04 Apr 15, 2015 10:27 AM Flag

    Read the transcript. They said a bunch without saying anything. DaninFW

  • Reply to

    Looking for breakout

    by voclrmet Apr 14, 2015 3:52 PM
    daninfw04 daninfw04 Apr 15, 2015 9:40 AM Flag

    If you are going to post spam for 9trading at least type it right. Their price target is 8 not 6.

  • Reply to

    danin? you buying?

    by shorthighcoverlower Apr 14, 2015 10:10 AM
    daninfw04 daninfw04 Apr 14, 2015 1:24 PM Flag

    True, but I bought PBY's in the $2.90's in late 2008. I had started buying in the 4's and bought down just above the multi-year low and loaded up in the 3's which is how I made over a half million in 2009-2010. Shorthigh remembers as we were both posting then as well. We all know the time period but it was also when PBY's was writing down massive impairments and missing earnings and revenues just as they are now. History can repeat itself. I said for over a decade that their real estate was worth $10+/- a share and PBY's was worth more dead than alive back when it was trading in the $6-8 range which is why I held then. Over the years I posted several strategies that would have saved the company. They always did the opposite of what I posted.......and here we are today. DaninFW

  • Reply to

    danin? you buying?

    by shorthighcoverlower Apr 14, 2015 10:10 AM
    daninfw04 daninfw04 Apr 14, 2015 11:45 AM Flag

    I've been trading and posting on PBY for over 20+ years now. They paid $50 million to walk away. I think we will see over $100+ million in impairments next 6-18 months. DaninFW

  • Reply to

    danin? you buying?

    by shorthighcoverlower Apr 14, 2015 10:10 AM
    daninfw04 daninfw04 Apr 14, 2015 10:36 AM Flag

    I'm not buying at present. I felt like it would drop below $9. I would wait now for below $8.50. I get criticized a lot on this board but am right about 90-95% of the time. However, history says you can buy below $9 and sell around $10 probably in the next 30-60 days for 10-15% profit. I just don't like it unless it's a steal or slam dunk. After this report, I suspect more impairments soon. The latest addition to the BOD's is an axe man that owns a consulting company. I suspect the BOD's when they added him hired his firm to evaluate options. If they buy his proposals he will probably pick the CEO, possibly himself. Gabelli will also support the price but at some point the big boys will give up on this turkey. DaninFW

  • Reply to

    Las Vegas

    by daninfw04 Apr 13, 2015 7:48 PM
    daninfw04 daninfw04 Apr 14, 2015 8:40 AM Flag

    Some believe the LPTV stations are actually waiting till current court cases get resolved to file just to push it back further in an attempt to get some of the pie. This is far from resolved. Main reason the sector hasn't popped. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Apr 13, 2015 7:48 PM Flag

    NAB annual meeting started today in Vegas. FCC and Wheeler makes their pitch Wednesday on getting them to sell their spectrum.

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Apr 13, 2015 7:46 PM Flag

    NAB, Nexstar and Howard Stark Holdings filed length court briefs today in their court appearance where they filed against the FCC in regard to illegality of their ruling on JSA's.

    Sentiment: Strong Buy