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Stock impact report

Gray Television: Tune In To The Main Event [Seeking Alpha]

Gray Television, Inc. (GTN) 
Last gray television, inc. earnings: 2/27 06:30 am Check Earnings Report
US:NYSE Investor Relations: gray.tv/index.php?page=financial-reports
Company Research Source: Seeking Alpha
My speculative buy thesis is based on America's increasing political divide and the potential for record-high political ad spending in the 2024 election cycle. Provided we get a normal ad cycle, GTN should be able to generate hundreds of millions in free cash flow that can go towards reducing debt and improving equity valuations. About a year ago, I wrote a positive article on Gray Television, Inc. ( NYSE: GTN ), as I believed the company had significant upside, provided investors could look past the company's heavy debt load. In hindsight, my timing was poor, as GTN's 'cheap' stock price got cheaper, and GTN's shares have declined by another 23% since March 2023 (Figure 1). However, I believe the thesis I laid out in my article last year remains on-track and so I reiterate my speculative buy rating on the stock. Brief Company Overview First, for those new to the company, Gray Television is the second largest local television broadcaster in the United States with stations i Show less Read more
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