Gray Television: Deep Value Or Value Trap? (NYSE:GTN)


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While the short- to medium-term direction for the broader equity market appears to be very much uncertain, many investors may be looking for more defensive plays. With the Buffett Indicator still flashing overvalued, pivoting to defensive makes a lot

Q2-23 Revenue Gray Television Nexstar Media
Retransmission $394 $696
Advertising $391 $413
Total $813 $1,240
Retransmission % 48.46% 56.13%

Assets Gray Nexstar
Cash $36 $346
Property/Equipment $1,574 $1,267
Broadcast Licenses $5,320 $2,910
Goodwill $2,660 $2,961
Total Assets $10,810 $12,310
Licenses % 49.21% 23.64%



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