Canada Markets open in 5 hrs 58 mins

Nexstar Media Group, Inc. (NXST)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
174.00-0.78 (-0.45%)
At close: 04:00PM EDT
Sign in to post a message.
  • S
    Steven
    Article in Barron's titled "Snap’s Warning Puts the Spotlight on Advertising. These Stocks Are at Risk" that outline why today was such a sell off for Media stocks.
  • E
    Ed
    Excellent earnings report and I'm guessing the surpass their guidance for the year. Cash generating machine with a great management team. On a diluted basis 7.5% of the outstanding shares have been retired over the last year. So many companies buyback shares but the count doesn't go down because they stock options plans are so lavish. Buybacks like that eventually matter.
  • a
    alan
    i am a chicken , sold out the 600shates i bought may 6 made 16 bucks a share . Love the stock but concerned about the market and will hope to buy it again on weakness
  • S
    Steven
    Some interesting points from the call:

    With regard to NewsNation Programing “And we will have a show on the air before the end of the year called The Hill because we own the digital asset, The Hill, and that will be necessarily kind of a Washington D.C. panel type show.”

    With regard to monetizing ATSC 3.0, “we could lease a sliver of our spectrum in every market that would reach 68% of the country to Netflix that they felt that they needed higher speed delivery or were being throttled by conventional providers.”

    With regard to the timing of monetizing ATSC 3.0, “But I do think that you'll see once we have -- get the 50% on our own and could reach maybe 90% of the population with a partner or 2, I think then you'll begin to see use cases, and I think that's going to be within the next 2 years."
  • Y
    YNJ
    Cant wait to see the investment of this stock pay off in 2028 after 2 years of elections and extreme buybacks
  • a
    alan
    Steven, is it time to buy back in again . This is a very tough market for any stock regardless of earnings
  • E
    Ed
    Well I'm back. Jumped off to play with some stocks that got destroyed while NXST was having a fabulous first quarter. Wasn't sure if it would pull back or not, but happy to get in here. Hopefully the 170 resistance is now support. Not the most exciting business, but one of the best management teams around.
  • a
    alan
    Bought back in at 159 will keep my fingers crossed, lousy market
  • E
    Ed
    Well so much for support at 170. I'm wondering if they stopped buybacks for a couple of weeks leading up to earnings.
  • E
    Ed
    So my portfolio is getting hammered today because of Netflix. I own a bunch of value stocks and this stock is the closest thing I have to Netflix. I guess you could say both of their products are viewed on a TV set, so I guess this needs to go down with Netflix. Hedge fund algos pretty much control the stock market these days.
  • J
    Jimmy Roshawn Mason (Mason405)
    I'm Legal 500 invested here in Oklahoma City...... NXST
  • Y
    YNJ
    Largest independent broadcast group (45% bigger the second largest independent broadcast group)
    Largest local broadcast audience (68% of US Television households = 221 MM people)
    50% of revenue is recurring and fixed
    Unbiased news content has made the company one of the most outstanding companies in the industry (NewsNation)
    NewsNation: It is the national news network to launch profitably and is the fastest growing cable news network of Nexstar
    TV share of retransmission revenue is expected to increase since it is below equivalent ratings share
    Earnings and margins usually increase during election years due to the increasing in political spending & advertising (Example: 2016, 2018, 2020)
    Political advertising historically has grown at a 40-60% comparable political YoY rate
    Nexstar has exposure to more than 80% of markets with competitive political races
    Local television advertising has proven to be the most effective for candidates and with limited dollars to spend, focus for campaigns is on “tried and true” methods
    Nexstar typically takes home 12-15% of gross U.S. broadcast political dollars
    The company has a presence in ~80% of states where legalized sports betting is or will be launched (fast-growing part of the company since sportsbook have spent heavily on local TV)
    The company is focused on growing digital advertising revenue as well as its digital solutions for local advertisers (only makes up a small percentage of company’s revenue right now)
    Low capital expenditures
    Low leverage and low cost of borrowing
    Share buyback has begun
    Risks:
    High level of debt (liabilities are almost 4 times owner’s equity)
    Popularity of streaming may put downward pressure on retransmission fees
    Growth may slow down due to being near the station ownership cap limit
  • S
    Steven
    Can't wait for their earnings with all of the political spending. This company is so well run, signing carriage deals almost monthly (Youtube TV, Vidgo, Hulu, FuboTV). That NBC deal getting extended is a risk taken off the table.

    As a company, they have 400% revenue growth over the last 4 years, P/E of under 10 (with that kind of revenue growth?!), Forward PE of 8, PEG of 0.16, great analysts’ ratings, etc.

    NXST should benefit as the economy reopens and with Olympics this summer, there are some serious advertising tailwind.
  • J
    Jay
    Solid report. Short term stock price meaningless. Keep printing money, growing revenue and buying back shares and it’ll all work out in the end. Great job management.
  • a
    alan
    Great management, terrific earnings and the stock trades at a 7PE . Investment community sees little future growth . Future ad revenues face severe competition from large Tech digital platforms. Cable agreements will decline and be less profitable. Where will future growth come from?
  • g
    gary
    Political spending will be $10.9 BILLION this year up from 7 billion in 2016. A big part of this is going to TV ads. Really bullish for NXST. NXST will rocket higher at earnings Nov. 5.
  • S
    Steven
    Benchmark raises target price to $225 from $200
    Guggenheim raises target price to $210 from $190
    Wells Fargo raises target price to $208 from $186
    Barrington Research raises target price to $215.00 from $200
  • a
    alan
    Thought i missed the boat when i sold out at 161and than saw it climb to 170 but who knows. Today it opened on only a couple of 1000 shares down over 2bucks. Year end tax selling by insiders and some new hires who may have received some stock could be the reason. Still closely watching it looking for an entry point in the 140to 150area. Think next year it could do very well and really break out and head to 200
  • S
    Steven
    Highly recommend looking at "Nexstar Media Group January 2022 Investor Presentation" on Nexstar's website.
  • a
    alan
    sold out my position , did very well with this stock but was not comfortable holding a 150 dollar stock with vague growth opportunities in this type of market. Wish all of you best luck with it