Intangible Valuation
Value, contrarian, coat tail rider, idiosyncratic research

Beasley Broadcast Group: A Stable 16% Free-Cash-Flow Yield

Founded in 1961, Beasley Broadcast Group (NASDAQ:BBGI) is a radio broadcasting company that owns and operates 43 radio stations (27 FM and 16 AM) located in eleven markets throughout the United States. Beasley reaches 6.4 million people per week and produces strong, predictable cash flow, which has averaged $18.4 million per year over the last 10 years. With a current market capitalization of $112 million, Beasley offers shareholders a 16.4% free-cash-flow yield -- double the DJIA average of 7.3%. The yield is greater than 93.2% of S&P 500 companies. If Beasley is able to maintain its cash generating abilities going forward, then the company offers a satisfactory yield for a long-term investor.

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