Nexstar Broadcasting, Inc. (Nexstar) is a television broadcasting and digital media company focused on the acquisition, development and operation of television (TV) stations and interactive community Websites in the United States. As of December 31, 2011, it owned, operated, programmed or provided sales and other services to 55 television stations and 11 digital multi-cast channels, including those owned by Mission, in 32 markets.
The stock is an out-performer with an average yearly return of 87%. AS the share price is heading south since the beginning of this year, we don’t think that buying now is a good idea. We consider the stock as a ‘HOLD’.
And now it is:[stock-tools exchange=”NASDAQ” symbol=”NXST” image_height=”100″ image_width=”150″]