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...

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