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

Nexstar Poised To Continue Growth Momentum For At Least Two Years, Probably Three

Over the last 24 months the share price of Nexstar (NASDAQ:NXST) has exploded, soaring from $6.51 per share on July 10, 2012, to close at $50.52 per share on July 8, 2014. That's a gain of over 677%. The obvious question is if Nexstar has anything left in the tank, or it's running out of gas.

My thesis is Nexstar still has a lot of impetus left to its amazing run, as the broadcast industry continues to consolidate, a major rival to its business model, Aereo, was essentially put out of business by a Supreme Court ruling, and free cash flow continues to increase organically and via acquisitions. I believe there is nothing to stand in the way...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details