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Nexstar Media Group, Inc. (NXST): A Bull Case Theory

We came across a bullish thesis on Nexstar Media Group, Inc. on Accrued Interest’s Substack by Simeon McMillan. In this article, we will summarize the bulls’ thesis on NXST. Nexstar Media Group, Inc.'s share was trading at $207.73 as of August 19th. NXST’s trailing and forward P/E were 10.86 and 15.11 respectively according to Yahoo Finance.

[caption id="attachment_522927" align="aligncenter" width="750"] Copyright: wihtgod / 123RF Stock Photo[/caption]

Nexstar Media Group’s ($NXST) announced acquisition of Tegna ($TGNA) represents a landmark deal in the broadcast...