Nexstar: Profit From The Next Election Cycle

Patrick Kroneman
924 Followers

Summary

  • Nexstar Media Group is the largest local broadcast television group in the US and stands to benefit significantly from the 2024 presidential election.
  • The company has shown impressive financial growth over the past decade, with revenues increasing over 1000%.
  • Nexstar's strong cash flows, low valuation, and prudent capital allocation make it an attractive investment option for value-oriented investors.

Former President Donald Trump Rallies For Marco Rubio In Florida

Joe Raedle/Getty Images News

In various regions, television advertising has been overshadowed by alternative forms of promotion. Nevertheless, in the realm of political ad spending, local TV stations remain a formidable force. Recent data indicates that they are poised to

This article was written by

924 Followers
Writing in a personal capacity, I'm a longtime investment professional. Have worked as an investment advisor for a global bank, an investment analyst for a mulitbillion fund, several European Venture Capital firms and now active within infrastructure investment.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NXST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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