Sinclair Broadcasting Group (SBGI) has become very attractive at current levels. After a disappointing third quarter report earlier this month and failure to hold $40 per share, it wouldn't be a shock to see a little more short term downside pressure in the stock price. Short term weakness in the share price should be met with open arms from investors. We anticipate a strong 2020 for Sinclair centered around a very nice swing state footprint and Super Bowl revenue that should help Sinclair outperform other broadcast media groups next year.
As a long-term