$Nexstar Media Group (NXST.US)$Nexstar Media Group (NXST) and Paramount Global (PARA) said Tuesday that Nexstar and its Mission Broadcasting operating partner reached multi-year contracts to renew CBS Television Network affiliations in 42 markets throughout the US. Nexstar owns 40 stations, while Mission Broadcasting owns two, the companies said.
Nexstar Media's Q4 results were disappointing with missed EPS and revenue estimates, and lower than expected EBITDA guidance for 2024. However, analysts predict an improvement in Nexstar Media's cash profitability over the next year.
While Nexstar Media Group's ROE is commendable, the company's high debt level is a concern. High debt increases risk and reduces future options for the company. Despite the decent ROE, the high debt level is not too exciting to see.
Despite Nexstar's share slump and EPS drop, persistent revenue growth and high shareholder return may indicate a positive long-term trend for Nexstar Media Group.
MACRO Fed Is Likely to Shy Away From Calling Interest-Rate Peak Next Week Federal Reserve Chairman Jerome Powell and his colleagues will likely shy away from signaling they’re done raising interest rates when they meet next week. With inflation still above its 2% target and economic growth solid, US central bankers will probably retain a bias toward tighter policy at their September 19-20 meeting even as they hold rat...
Nexstar Media Group Stock Forum
Nexstar owns 40 stations, while Mission Broadcasting owns two, the companies said.
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Bought $47M of puts on $iShares Semiconductor ETF (SOXX.US)$
This makes up almost half of his entire portfolio.
Look out below.
Top 5 new positions include
$iShares Semiconductor ETF (SOXX.US)$ Put*
$Booking Holdings (BKNG.US)$ Put*
$Stellantis NV (STLA.US)$
$Nexstar Media Group (NXST.US)$
$Star Bulk Carriers (SBLK.US)$
Fed Is Likely to Shy Away From Calling Interest-Rate Peak Next Week
Federal Reserve Chairman Jerome Powell and his colleagues will likely shy away from signaling they’re done raising interest rates when they meet next week.
With inflation still above its 2% target and economic growth solid, US central bankers will probably retain a bias toward tighter policy at their September 19-20 meeting even as they hold rat...
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