Rochester, NY 9/2/2009 9:43:01 PM
SBGI Sinclair Broadcast Group, Inc. August’s is the best market in nine years.
Sinclair Broadcast Group, Inc.
It was a great market for Sinclair Broadcast Group Inc., They have the best index exposure selected to be they can move, and didn’t have any trouble to outperform. The S&P 500 returned 3.4% in August, a historically weak month for the markets. After rallying by approximately 50% from March lows, many investors believed that the market was due for a pullback in August, but the bulls were clearly in charge, and top stock pickers were able to earn outsized gains.
Rebounding after punishment during the recession was a theme during the second-quarter rally. Investors who were bold enough to buy into troubled banks, insurance companies, and other distressed companies near the bottom are now enjoying some huge gains. In August, it was the broadcast companies' turn to take the spotlight, as would have been considered dismal were enough to carry the stocks higher.
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Last Trade: 2.56
Trade Time: 10:23AM ET
Change: Down 0.1050 (3.95%)
Prev Close: 2.66
Open: 2.76
Day's Range: 2.55 - 2.76
52wk Range: 0.85 - 7.66
Volume: 67,525
Avg Vol (3m): 628,514
Market Cap: 203.83M
About Sinclair Broadcast Group, Inc.
Sinclair Broadcast Group, Inc. is a diversified television broadcasting company that owns or provides certain programming, operating or sales services to more television stations than other commercial broadcasting groups in the United States. The Company currently owns, provides programming and operating services pursuant to local marketing agreements (LMAs) or provides sales services pursuant to outsourcing agreements to 58 television stations in 35 markets. The Company has a mid-size market focus and 43 of its 58 stations are located in television designated market areas (DMAs). Its television station group is diverse in network affiliation: FOX (20 stations); MyNetworkTV (17 stations); ABC (nine stations); The CW (nine stations); CBS (two stations) and NBC (one station).
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