Beasley Broadcast Group: After A Pullback, This Underfollowed Name In Terrestrial Radio Merits Attention
- The recent decline in the share price of the Beasley Broadcast Group provides investors with an opportunity in an unloved sector often ignored by investors.
- Terrestrial Radio remains an attractive industry due to robust free cash flow and a strongly entrenched local presence.
- Due to high free cash flow, dividend increases and share repurchases are likely outcomes in the near to medium term.
- The founding family and Mario Gabelli, a renowned Value Investor, hold over 65% of the company, raising the possibility of a liquidity event such as a go-private.