Johannes Salim, CFA
CFA, long/short equity, hedge fund manager

Nexstar: Correction To My Mistake After A Conference Call With CFO

Last Friday, my article titled "Nexstar: Growth Story Unraveling," in which I recommend a short, was selected as a Top Idea on Seeking Alpha. Following the publication, I received some comments that questioned my estimate of joint sales agreement (JSA) sales exposure, which was a key assumption in my forecast/downside scenario. Then, Nexstar's (NASDAQ:NXST) IR represented by JCIR (investor relations advisory firm) contacted me, which led us to have a conference call, with Nexstar's CFO, Tom Carter, joining as well on Tuesday morning. Here are the key takeaways of the conference call, which will clarify some factual information regarding Nexstar.

How did it happen?

As stated above, my estimate of JSA sales exposure was the key...

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