It wasn't that long ago that Nexstar Broadcasting stock sold for more than $10 a share.
Though the company, which owns KSNF in Joplin and KSFX in Springfield and is de facto owner of KODE in Joplin and KOLR in Springfield, saw its shares trading slightly higher in the aftermath of the announcement of a series of retransmission agreements, it is now dangerously close to falling below $4 per share.
At the close of trading Monday, Nexstar had fallen 11 cents to $4.02 per share.
That makes my day :)
ReplyDeleteSounds like that "influx" of cash from cable companies isn't translating into much confidence on Wall Street.
ReplyDeleteHard to believe that Perry Sook believed his company would be a solid 15-20 dollar stock a couple of years after the IPO.
The tables at Buffalo Run are a much better investment than shares in Nexstar.
Sounds like you all do not know what you are talking about!
ReplyDeleteThere appears to be too much speculation out there by people (who are probably actually middle school students attracted to this dull, fizzling lightning rod of a blog) that know nothing a bout stocks and money and are about to lose out on bargain-basement prices on a really good company.
Go read a bok or go outside or something and leave stock speculation opinions to somebody that knows something...