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Strategies & Market Trends : Value Investing

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To: Sean Collett who wrote (74194)	11/8/2023 8:00:52 AM
From: E_K_S	Read Replies (2) of 78744

Re: GTN Excellent overview of the challenges that the company faces. I do like their local sports expansion w/ some new distribution contracts. We knew debt is/was going to be an issues so great they are working that down. They do generate enough revenues to still be FCF positive (a must metric for me). I did peel off 30% of my high cost shares going into the report at prices between $7.65 & $7.71. Holding the remaining shares w/ a target price of $10/share. We did receive a 4% div too. The hidden gem are their local sport distribution contracts. Notice the battle that these streamers are having to get 'live' sport content. As online betting grows & ESPN is expanding their sports distribution offering (no longer bundling as a mandate), we will see companies like GTN be in the mix. The potential revenues are huge especially as gamblers love to bet on anything. Avg cost of shares now down to $7.09/share w/ a 42% upside target. Holding and collecting the 4% div

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