SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E_K_S who wrote (75563)5/7/2024 9:09:28 AM
From: Sean Collett1 Recommendation

Recommended By
E_K_S

   of 78774
 
Interesting that the political revenue was that low though ($27MM) and their low end forecast was $45MM. Still early though and with other folks jumping in like RFK and now Bernie, we should see some healthy political revenue going into 2H.

Retransmission looked real good and with their continued focus here they really could see some growth.

While I am not too concerned with their debt (for now) I am also not too impressed with the $250MM authorization since that will only eat up 4% of their debt - still it's good to see. Without that $100MM they got from the sale though their cash pile is only $34MM which is still an improvement from the $21MM they were at.

The station expense has really been creeping up on them now at $348MM vs. $301MM in 2022.

I bought back with a decent position on 4/30/24 at $5.87/s when it seemed like support was there - I got out of the way when it started falling and hitting lows. I still have my price range around same as yours with $11-$12/s.

-Sean
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News