The Portfolio 1.
Nexstar Media Group (NXST) has a market cap around $5bn and is devoted to supplying free TV. The company is involved in more than 174 stations across the US and given the coming election, is confidently forecasting future growth.
All analysts have rated it a “Buy” or “very strong Buy” Yahoo, Fidelity rate it a Buy. IBD gives 99/100 and an A-. Bought for $80 in February Zachs rated it then 9.2 .
The Dividend is 2.1%, it has a P/E of 8.
To date I have once taken profits (excess of 20%), currently the stock is up 30%.
NXST have recently taken over tribune Media.
The next Quarterly reort is expcted May 7. Good investing, James.