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

Gray Television Should Surprise To The Upside Over The Next 3 Years

Over the last 24 months, Gray Television (NYSE:GTN) has had an extraordinary run, in what has been a very strong industry during that time. The company has soared from closing at $1.51 per share on July 13, 2012, to close at $12.71 per share on July 11, 2014. That's a gain of 730.72%, according to Yahoo Finance.

A lot of that has come from acquisitions and a strong retransmission fee market. Advertising has also been pretty solid, and is ramping up for a strong finish in the last half of 2014 because of the big political spend coming. Coupled with the recent closing of an acquisition of Hoak Media, it should enjoy a strong finish to the year....

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