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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (69636)9/6/2022 2:59:01 PM
From: Paul Senior  Read Replies (1) of 78715
 
SBGI. I add to my small position as stock continues to fall.

finance.yahoo.com

Company says it believes its stock is undervalued on sum-of-parts:

"Diversified portfolio of investments consisting of holdings in real estate, venture capital, private equity, and direct strategic investments in companies

    Estimated Fair Value (FMV) at June 30, 2022 of approximately $764M or $11 per share

    Bally’s holdings, holding company cash, and Diamond A/R facility adds anotherapproximate estimated $6 per share

    ATSC 3.0 spectrum value estimated market value at $24 per share using $1 per pop covered

    Investments purchased since 2014 have generated an estimated IRR of over 20%

    Sum-of-the-parts value estimated at approximately triple current stock price"


Company continues its repurchase program:

"Continued share repurchase program – 39M shares repurchased since beginning of 2018 – 38% of the then shares outstanding"


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