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Nexstar Broadcasting Group, Inc. Message Board

value_invstr 10 posts  |  Last Activity: Jun 10, 2014 9:47 PM Member since: Jul 27, 2009
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  • Reply to

    EVC is easily worth $8

    by value_invstr Jun 10, 2014 8:49 AM
    value_invstr value_invstr Jun 10, 2014 9:47 PM Flag

    I have a very long time horizon on all my investments, I don't make short term predictions, the Chart on EMMS is ugly, I like the acquisitions they made in NYC, the lawsuit is a free option. I think EMMS is potentially a $7-$8 stock based on all the free cash flow they should generate post the acquisition. There has been a lot of insider selling, but that doesn't bother me, I think their has been a lot of pent up demand. I think if you have a year plus time horizon that EMMS is excellent risk/reward characteristics.

  • Reply to

    EVC is easily worth $8

    by value_invstr Jun 10, 2014 8:49 AM
    value_invstr value_invstr Jun 10, 2014 12:09 PM Flag

    I really like ROIAK, waiting for the Comcast deal, should happen in a matter of months, plus you have more debt refi's coming that will increase free cash flow. I still like GTN - Hoak deal should close by end of the month, like ETM - big bond refi coming that will increase free cash flow by 20-25%, EMMS - to cheap, always like SALM, like CMLS as wealth should continue to transfer from debt holders to equity holders, MEG/LIN combo is great, oh and JRN is too cheap.

  • Reply to

    EVC is easily worth $8

    by value_invstr Jun 10, 2014 8:49 AM
    value_invstr value_invstr Jun 10, 2014 11:17 AM Flag

    This stock has bounced between $5 and $7, anyone who's been trading in that range has done very well. It will eventually break out above it. This stock was $1 not that long ago. Their is one director who has been selling, it will be addressed soon. Either way, I'm not worried because the fundamentals are improving. Not an exciting story, a very simple one.

  • value_invstr by value_invstr Jun 10, 2014 8:49 AM Flag

    FYI, I don't own it (yet), but they generate a ton of cash, and this year with the World Cup will be a record year for them, they also own good spectrum in great markets. Also have a good big data play with their audience. They refinanced all their debt, so the only issue is what to do with all that cash flow, they probably increase the dividend, perhaps at year end or early next year. The UVN deal is good for both parties and will be renewed, right now UVN keeps about 80% of the retrans economics, perhaps that split improves for EVC. This is a simple story and a good one. Don't be surprised if they start running SBSA's assets in a couple of years.

  • Reply to

    Discount from buyout offer

    by infotraxx May 9, 2014 9:41 AM
    value_invstr value_invstr May 24, 2014 8:04 AM Flag

    That's not true. The lawsuit has been revoked, all shareholders will be treated equally. If everyone chooses cash (which at these levels they would) then I think it works out to about 47% cash, and the rest in MEG stock. But all shareholders are getting treated the same.

  • Reply to

    Spectrum question

    by value_invstr May 22, 2014 9:08 AM
    value_invstr value_invstr May 23, 2014 6:58 AM Flag

    Yeah they paid substantially less then what it normally goes for, my guess is because it was specifically designated to be used in the air. However, I don't think it would be difficult for a buyer of this spectrum to get it back to terrestrial use. Dish has done that several times, FCC doesn't have a problem with that. I know they aren't selling this spectrum, but it represents a floor on the value, and it's a pretty high floor. If the satellite technology every developed to the point that they wanted to scrap the Air to Ground network all together than maybe they sell it, but that's 5 years + if ever.

  • Reply to

    Spectrum question

    by value_invstr May 22, 2014 9:08 AM
    value_invstr value_invstr May 22, 2014 4:09 PM Flag

    Wells Fargo report on the broadcasting sector, they looked back at past spectrum auctions (An auction is coming up), and the 10K has the Mghz. I'm not sure if the additional 1 Mghz is in the same 800's range that they recently purchased. But I do know that 800's is excellent spectrum. The 10k said it's nationwide. Also indicates that they have an agreement with Canada on their spectrum, not sure if this has to do with border issues or if they have the rights to spectrum in Canada as well. I posed the question to see if anyone had any clarity and to make sure I wasn't making an error somewhere.

  • Reply to

    Spectrum question

    by value_invstr May 22, 2014 9:08 AM
    value_invstr value_invstr May 22, 2014 3:38 PM Flag

    As my name indicates I'm a value investor, but I made a big investment here even though this is a growth story. The BA segment to me seems to be worth about $12 per share or about the same as the spectrum. I feel like I get the ROW and CA segments for free. I like getting things for free! If I'm somehow missing something I'd like to hear it.

  • value_invstr by value_invstr May 22, 2014 9:08 AM Flag

    Gogo owns 4mghz of nationwide spectrum in the 800's, right? At $1/mghz/pop doesn't mean the fair value on their spectrum is $1.2B? With the stock at these levels aren't we getting the business for free? Thoughts? Fyi, their is an auction coming up for similar spectrum, so that $1 level could be going higher.

  • Reply to

    Sprint Contract Renewed through 2022!

    by johnsonjoel1 May 22, 2014 6:50 AM
    value_invstr value_invstr May 22, 2014 7:07 AM Flag

    The Dividend is gone

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