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LIN TV Corp. Message Board

martelxo92 2 posts  |  Last Activity: Oct 30, 2014 10:13 AM Member since: Jun 29, 2006
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  • In February at the latest each share will be redeemed for $25.95. Current price is $22. You are all but guaranteed a return of 18% in 5 months which annuallizes at 43% return. They've already sold the stations that needed to be pushed off, there is nothing standing in their way now but the FCC and this will be a slam dunk. No issues with remaining portfolio of stations.

  • Reply to

    This is easy money with the buyout looming

    by martelxo92 Oct 2, 2014 11:38 AM
    martelxo92 martelxo92 Oct 30, 2014 10:13 AM Flag

    Hey Dan, good to see you still around. Yes, I'm still working in the industry but have no idea about the what is up with EVC. I haven't been on these boards for awhile. I traded out of all my broadcast stocks last year because I felt they were fairly valued, looks like they had a little more to run. My largest single investment is still privately help shares of my own company so I still have plenty of exposure to this industry. I didn't think I needed anymore exposure to the industry but saw Lin trading at $22 with a merge of $26 coming. Reading mediatrader's synopsis above makes sense and I might not make as much money as once thought.
    The industry is still fairly valued right now if not a tad bit overvalued in my view. Local spot sales are flat and national continues to erode, especially in the 50 plus markets. With CBS changing the game on retrans take to the network it has forced broadcasters to be even more aggressive on retrans so that continues to be a positive but don't know how long that can hold out with Tom the Cable guy sitting on the throne at the FCC. Not sure how much this overall market can continue to go up either and that weighs on my thoughts of the industry.
    I'm thinking MEG may have a positive number in 4th quarters guidance with the states they are in having decent political years. As much as you hear about political dollars choosing other avenues to spend their money (online, mailers, Cable) broadcasters continue to grow their take each cycle. Still no better way to reach a specific region than local broadcasters.
    If we get a little downward pressure from the overall market and it brings the broadcasters down with it I'll be back in buying mode but for now I'm just waiting it out. I hope if that happens you'll be back on the board sharing your ideas too as well as mediatrader.

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