Nexstar Broadcasting, owner of KSNF in Joplin and KSFX in Springfield, and de facto owner of KODE in Joplin and KOLR in Springfield, continued its upward spiral in the stock market Wednesday, closing at $5.67 up 64 cents from the previous day. The stock has been moving steadily upward for the past few weeks after reaching a low of about $4.
A company that has taken some abuse seems to be making financial progress--which is reflected in the stock price. Is this proof that the cable fiasco was worth the fight? When their stock reaches $8-10 again that argument can be made. But not before that.
ReplyDeleteIt should also be noted that the Initial public Offering for the stock when it rolled out was $14.00.
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