Apr 09, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Broadcasting industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.Gray Television ranks highest with a forward earnings yield of 34.6%. Following is LIN TV with a forward earnings yield of 21.5%. Sinclair Broadcast Group ranks third highest with a forward earnings yield of 14.1%.
Belo follows with a forward earnings yield of 13.1%, and Saga Communications rounds out the top five with a forward earnings yield of 11.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of Sinclair Broadcast Group on February 16th, 2012 by issuing a Downtrend alert when the shares were trading at $11.77. Since that call, shares of Sinclair Broadcast Group have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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