Events: Sinclair Broadcast Group TRCO Deal Quick & Dirty

Sinclair Broadcaster Group Events May 8, 2017 SUMMARY INFO NASDAQ: SBGI Recent PPS: $36 Shares Out: 124 million Market Cap: $4,447 Net Debt: $7,095 Enterprise: $11,542 Net Leverage: 5.94 (excluding Food Network distributions) Adj. Net Leverage: 4.64 (adjusted for non-core assets) DISCUSSION Today SBGI announced the approximately $6.6 billion acquisition of Tribune Media (NYSE: TRCO) … Continue reading Events: Sinclair Broadcast Group TRCO Deal Quick & Dirty

Events: NRG Energy Idea Initiation 

NRG Energy  Events February 18, 2017 SUMMARY INFO NYSE: NRG Recent PPS: $17.10 Shares Out: 324.6 million Market Cap: $5,551 Recourse Net Debt: $7,236 Enterprise: $12,787 DISCUSSION The day Elliot filed on NRG I happened to be in attendance at a lunch presentation by my good friend, a well-respected Power & Utilities MD. He highlighted … Continue reading Events: NRG Energy Idea Initiation 

S&P 500 Market Outlook January 2017

Market Analysis  S&P 500 Market Outlook  January 10, 2017 SUMMARY Weight of the evidence suggests further gains in the cyclical bull market advance - SPX 2600 by May/June 2017 (?) Monetary 'triumvirate' - inflation + rates + Fed - could lead to mid/late-2017 to early/mid-2018 cyclical bear market Historical measures of market valuation suggest a … Continue reading S&P 500 Market Outlook January 2017