Wedbush initiates Sinclair at Outperform, sees higher retransmission fees

Wedbush initiates Sinclair Broadcasting (SBGI +2.9%) at Outperform with a PT of $43.

Analyst James Dix outlines his three-pronged thesis: "1) SBGI’s scale gives it greater leverage than peers for higher retransmission fees, 2) SBGI’s scale is a more credible bulwark against escalating reverse compensation payments, and 3) SBGI's management, more tech-savvy than peers, may be a leading beneficiary of long-term increases in TV station spectrum values."

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Comments (1)
  • User 16954272
    , contributor
    Comment (1) | Send Message
    Curious.. it appeared to the untrained eye (like mine) that the massive 2013 run-up of SBGI had already factored in all the positive business moves of SBGI as a company and their acquisitions in 2013 but who knows ?? Maybe it's still a buy as some experts suggest and the slope of the graph for 2014 will also kill whatever the major indices do in 2014 ??


    i guess I will just have to wait for a new stock investment blog run by Merlin (one of King Arthur's portfolio managers) and the Oracle of Delphi ( definitely NOT an advisor to the current Greek government)


    GL and a Happy New Year from an old but not so wise hobby investor in the Hague, NL
    3 Jan 2014, 11:36 AM Reply Like
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