0 comments on “Nexstar Broadcasting (NXST) – “Local Content is King””

Nexstar Broadcasting (NXST) – “Local Content is King”

Nexstar Broadcasting Logo (NXST)

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]

Thesis

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.

0 comments on “Year 1 – What We Have Learned”

Year 1 – What We Have Learned

As we enter the fall, we are approaching the one-year anniversary of launching Richie Capital Group. We have spent much of the past year navigating regulatory requirements, launching early clients and preparing our platform to support larger institutions. We have also spent some time researching the market to better understand client needs, competitor offerings, and how RCG can be best positioned to provide solutions.

We have found that the problems facing clients both big and small are largely the same. In terms of retirement, most individuals have not saved adequately and are not on track for a comfortable and timely retirement. Many of the public pension funds set up for teachers, first responders and government employees are significantly underfunded.

The National Institute on Retirement Security completed a study[1] on retirement savings and found:

0 comments on “The Journey Begins”

The Journey Begins

“Have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” – Steve Jobs

And so it begins.

A new beginning.  A pursuit of passion.  A pursuit of investing excellence.

In 2016, we are marking the official launch of Richie Capital Group.

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RCG, is a firm focused on providing superior equity returns for our clients. Our initial offerings will include discretionary investment management services for High Net Worth and Institutional Investors. Additionally, we will provide investment advisory and financial planning services on a limited basis.