This is the segment that will break off from SBGI at some point. They mentioned it on the quarterly call.
Lin did the same thing a few years ago without the publicity of it being a different division. They accumulated all these smaller tech companies and it has shown in their digital growth. They lead all broadcasters in this segment.
My thought is the existing shareholders will get an allotment of shares when they do the official split. Then they are looking for a greater valuation on the newly formed company PE. Should be a very good thing for existing shareholders. In the next year or so anyway.
I think this run is about done and there is good time premium in the calls around the money. I won't sell the stock but I have taken a defensive stance for the next month. I think after the 1st quarter call we are off to the races again. That should be 1st week of May.
Still see $50 in 2016.
I sent him to the SBGI board to work his magic, which he did over the weekend and what do you know? SBGI has been up 1.5% all day long. He is remarkably consistent. This isn't just luck. This guy has a talent to be wrong. Cash in on it folks.
without fail, every time he goes on one of his posting rants we go north. I appreciate you brother, you seem to bail us out every time the stock starts getting soft. Go to the SBGI board if you don't mind. I'm thinking your posting could take us above 35.
7000 went off at 31 call and 7000 went off at 38 call.
This is the shorts buying to get out. Tells me we are heading north and very far north in the next 5 months.
In the past few weeks when the market has been down SBGI has been up anyway. And vice Versa. It's almost like whomever is accumulating/covering this thing does the opposite of the market. Would not shock me to see us down a little today and the Dow up over 200 pts.
There was a huge volume sell in the last few minutes of trading yesterday. Not sure what that was. There are surely some games being played here. Be a good time for the company to pre-announce that they will exceed current analyst numbers. BECAUSE THEY ARE BIG TIME.
This stock rarely has any, very little open interest. The shorts are buying options, mostly 30's, to slow down the losses as they buy back the common. Why they ever shorted this stock is beyond me. They obviously didn't understand the fundamentals of what was coming.
Oh yeah, Broadcast TV is dead, I forgot.
I think that is what is taking us higher right now. Maybe some financial buying after the presentations two weeks back but mostly short covering. We need a couple up days in the overall market and we break 30.
Why someone would short that many shares of a company that has very little options volume to protect them plus SBGI doesn't have a very large float is beyond me.
Someone must have thought broadcasters were dead. Very wrong assumption.
They took it down at the close again. Looks like there is a group that is short that does not want to set off the bells and whistles that go with breaking the 200 day average. Looks like total ticker painting two days in a row. I really think this stock could become a short squeeze in the coming months when much better than expected numbers get released. They won't be able to hold it down for long with the company buying, earnings surprises and spectrum news on the horizon. Can't wait to see their exit, it will explode.
at 28.56. It went well above it yesterday with good volume but in the last hour they tweaked it down below for a close of 28.49. Now today we are floating above it again. This is about the 3rd or 4th time it has flirted with it.
Biggest take from it is SBGI will renew 75% of it's cable and satellite operators on retrans over the next 15 months. Assuming they are working off of 3 year old contracts then their current rates are from .50 to .75 sub. The new renewal rate is 1.35 to 1.50. In other words, in the next year retrans will double for SBGI. This is not a guess, this is a fact. With next year's political and retrans I can see SBGI doing $3.50 share in EPS.
The company said it will pay 16.7 million in taxes in 1st quarter which equates to a 33.8% tax rate. If I divide the 16.7 million by the 33.8% rate I come up with 49 million pre tax net income. 49 million minus 16.7 million in taxes equals net income of 32.3 million in net income after tax. 32.3 million divided by 97 million shares puts me at 33 cents per share in 1st quarter earnings.
The analysts have .11 and this is the average of 4 analysts. They range from .09 to .12 per share. They just took their numbers to this level after the call. What am I missing?
My estimate is .36/share. With revenue growing 22-25% in first quarter how do we do .11/share when we did .27 last year.
Anyone out there?
This thing keeps dancing around it and is building a base. It wants to break out and it wants to do it now. I'm not a technician but usually after several attempts at a resistance point it will finally break through. I think we are almost there. If we can get above $28 -28.50 area with a little volume we are off to the races. I see $32-$35 by the next quarterly call.
I was doing something else while I was listening so some of my attention wasn't focused. I'm going to listen to a replay but I agree. I left that call not real informed of what we are going to make this year.
35 million in synergies in 1st year. Another 35 million next year.
Didn't give us the average cost of debt, bothers me. (unless I missed it) Said more debt changes coming in the near future. Must have a large financing package on the table.
Net incremental retrans growth for years to come.
Unlike their major holder, Sadusky says they are looking at spectrum auction opportunities. He does have several markets where it makes sense.
I'm not really sure how much money they'll make next year by that call, unlike SBGI.
I feel SBGI mgt. is much stronger than MEG. MEG is still a bargain her.
One more. Sadusky said they would do double 2016 political when compared to 2012. Most of these guys are saying this. Not the double part but that you'll see huge increases. Feb of 2017 is my holding time table because of this.
She must have a nice smile to keep her job over the years. It isn't her talent with numbers, forecasting or comprehension.
She has no clue what she is asking. It is hard for me to comprehend what the hell she is talking about. She doesn't get what we do in broadcasting. It's just a pot full of numbers she spreads around. I cringe when she starts to talk.