Richie Capital Group specializes in discretionary investment services for Institutions and Individual Investors. Our investment goal is to maximize client returns over time through an established investment process. We invest money on behalf of our clients and typically do not focus on providing individual comprehensive financial advisory services. However, to bring in clients over the past year, we have gladly performed these services for many who have asked. In this process, we have gained greater insights into the broader world of Financial Advisory Services (Brokers, Investment Advisors, and Wealth Management firms). There are many outstanding companies providing advisory services. But in most other cases, we have come to the conclusion that…. they may not be working in your best interests.
Read More “Your Broker May Not Be Working in Your Best Interests”
Nexstar Broadcasting (NXST)
Date: December 2, 2016
Sector: Consumer Discretionary – Broadcast Media
Price/Market Cap: $59.2/$1.81B
Target/Implied Upside: $115/ 94%
[note: This is a write-up and update of research completed earlier in the year]
Nexstar Broadcasting Group (NXST), a television broadcasting and digital media company, is in the early innings of both a company and industry-wide transformation. The company generates healthy free cash flow and trades at an attractive standalone valuation while also benefitting from strong growth in retransmission fee revenue. NXST expects to close a merger with Media General (MEG) by the end of the year, which will be immediately accretive and make NXST the second largest local television broadcasting company in the United States.
Read More “Nexstar Broadcasting (NXST) – “Local Content is King””