Preamble: This is the seventh entry in my deep dives sponsored by Tegus series. The goal of these are simple: every other month, Tegus is going to give me a few expert interviews and I’m going to use those to dive into an investing topic. Some months, it could just be a dive into a specific company; other months, it might be a dive into an industry. You can find the
I know not related to this article but I am very surprised you haven't done a deep dive into TGNA right now..There still might be a 10% chance deal gets done but if it doesnt this is a $20+ stock on a standalone basis. All debt fixed, first maturity in 2026. Will get $136m break fee+ $500m cash on balance sheet + $1b FCF in 2023/2024. They literally can buyback half the market cap and not add any debt over next 2 years.
Great Write-up again Andrew. While I did not follow you the last time I find it really attractive this time around. Can’t wait for the following Deep Dives and Conclusions
I know not related to this article but I am very surprised you haven't done a deep dive into TGNA right now..There still might be a 10% chance deal gets done but if it doesnt this is a $20+ stock on a standalone basis. All debt fixed, first maturity in 2026. Will get $136m break fee+ $500m cash on balance sheet + $1b FCF in 2023/2024. They literally can buyback half the market cap and not add any debt over next 2 years.
Great Write-up again Andrew. While I did not follow you the last time I find it really attractive this time around. Can’t wait for the following Deep Dives and Conclusions
Thank you for being on the cable beat! I rely on you a lot to keep me up to date on this one (but no pressure!) 💚 🥃