- Tegna has consistently shown revenue growth over the last years.
- 2020 will be a record year with the high levels of political ad revenue, subscription revenue growth, and quick recovery of the non-political advertising and marketing services revenue.
- Share price is currently attractive and around 25% below the $20/share that Gray Television offered when it attempted to buy Tegna earlier this year.
- Tegna has control over the operating expenses while showing the substantial top-line growth.
- The current share price is 25% below the offer that was made by Gray Television in March 2020 and this year will be a record year. Also, Q1 looks promising with the elections in Georgia. I'm bullish on Tegna and have initiated a small long position.
For further details see:
Tegna: A Record 2020 Deserves A Higher Share Price