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...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|