SBGI

Sinclair Broadcast Group Inc

TMT


Presented:02/18/2016
Price:$28.08
Cap:$2.69B
Current Price:$17.41
Cap:$1.16B

Presented

Date02/18/2016
Price$28.08
Market Cap$2.69B
Ent Value$6.17B
P/E Ratio13x
Book Value$5.04
Div Yield2.3%
Shares O/S95.69M
Ave Daily Vol1,000,822
Short Int47.45%

Current

Price$17.41
Market Cap$1.16B
Sinclair Broadcast Group, Inc. engages in diversified television broadcasting operations. It provides certain programming, operating and sales services to television stations. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

Publicly traded companies mentioned herein: Sinclair Broadcast Group Inc (SBGI)

Highlights

The presenter is long shares of Sinclair Broadcast (SBGI), highlighting differences between the structural headwinds faced by the TV and media ecosystem as a whole, particularly cable networks, and the advantages enjoyed by local broadcasters. He believes SBGI and other local broadcasters are set to receive higher retransmission fees from the MVPDs and see fewer pressures on subscriber numbers and ratings. The stock currently trades “cheap,” and the presenter thinks SBGI shares could appreciate into the mid-$40s on ~$4.50 blended average FCF for 2015 - 2016 at a 10x multiple.

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Idea Discussion

Commentor 1 - 2 weeks ago

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