On paper, it is easy to dismiss the future profit potential of shares of Nexstar Broadcasting Group (NASDAQ:NXST). Nexstar is a company with a market capitalization of around $1.1 billion that posted a GAAP loss of almost $1.8 million in 2013, and holds almost $1.1 billion in debt on its balance sheet, with just $40 million in cash on hand. And with a share price that has risen almost 113% over the past 12 months, surely this combination of factors is poised to lead to a dramatic decline in Nexstar's share price. However, when it comes to Nexstar, there is far more than meets the eye, and a sizeable pullback of over 30% from 52-week highs has created...
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