Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Why Sinclair Broadcasting Group Is Still Undervalued

After projecting Sinclair Broadcasting Group (NASDAQ:SBGI) has at least 30% upside on November 11, 2013, when it closed at $34.25, I maintain my thesis that this is probably a conservative estimate, and will jump to at least $45.00 per share.

I see that culminating as the presidential elections of 2016, although there are other significant catalysts that will move the share price up, even while it moves towards the big event.

Another factor I didn't include in my outlook for Sinclair was the Supreme Court ruling against Aereo, where it won't be allowed to operate under the business model it was using. That had been weighing on Sinclair for some time, and soon after the decision the...

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