January 28, 2013 12:36 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In a report published Monday, Benchmark Company reiterated its Buy rating and $16.00 price target on Nexstar Broadcasting Group (NASDAQ: NXST).Benchmark Company noted, “We believe shares of Nexstar (NXST-Buy) remain modestly priced given a strong projected outlook, an increase in share liquidity from the recently announced ABRY share sale, and 4% dividend yield based on the recently announced $0.12 quarterly dividend slated to begin in 1Q13. Proforma for the Newport and subsequent acquisitions, we project 2013 revenues of $486 million, up 29% y/y, with adjusted EBITDA of $175 million and fully diluted EPS of $0.93. Free cash flow could reach $96 million. Based on our 2013 estimates, shares of Nexstar trade at 7.5x 2013 EV/EBITDA and 4.5x 2013 projected free cash flow per share. We raise our target price to $16 based on a multiple of 8x 2013E EBITDA.”Nexstar Broadcasting Group closed on Friday at $14.04.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.