Professional
Added to YB: 2025-04-17
Pitch date: 2025-04-14
GTN [bullish]
Gray Media, Inc.
+30.94%
current return
Author Info
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Company Info
Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States.
Market Cap
$456.6M
Pitch Price
$3.15
Price Target
N/A
Dividend
7.69%
EV/EBITDA
10.03
P/E
-2.73
EV/Sales
2.16
Sector
Media
Category
value
Miller Deep Value Select Strategy Portfolio Holding: Gray Media, Inc.
GTN: +37% despite lagging in 2H24 due to below-expectation political ads. Strong FCF with $500M debt paydown last year. Low marketplace expectations for retransmission revenues create variant potential. Risks: ad recession, weak auto ads. Potential $2B+ FCF over 5-6 years with debt reduction accruing to equity. Upside potential = multiple of current price.
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