Issuing a STRONG BUY rating on GTN...
GTN, Gray Television Inc., at $2.18 will be going through the $3 mark in 30 days or less (a minimum 37% return in 30 days).
Here are the resons for my recommendation:
1. GTN is a media stock, and media stocks are HOT (as suggested in this post)
2. Reason #2 will be given in the comment #1 (see comments below)
3. GTN's closing price on 9/2/09 was $2.96. On 10/5/09 it was $2.01, which means GTN has already had a nice pullback of 32% (just enough to shake off week buyers / people with a sensible stomach).
4. GTN just started going back up (and I wouldn't be surprised if it has a 20% one-day-jump within the next 3 trading days).
5. I first bought GTN on 9/4/09 at $0.95, and I'm buying again tomorrow morning as the market opens (and so far I've been rarely wrong).
6. I was even willing to bet on GTN's low end price:
#13) On October 06, 2009 at 11:54 PM, dragonLZ (98.83) wrote:
I'm sticking my neck out today on GTN (again):
I say that GTN, with today's closing price of $2.18 (only 18 cents over $2), will not see it's closing price fall below $2 within the next 3 years or more (including never).
p.s. As a bonus, I'll also say that GTN will be going through the $3 mark in 30 days or less.
Disclaimer: Investing in cheap stocks of unprofitable companies is a risky business. I'm not recommending this stock to you. This recommendation is just for my satisfaction (to be able to post this in few weeks as "I told you so". As a part of this disclaimer I'll post UltraLong's pitch on his red thumb of GTN - I hope he won't mind):
Pitch by: ultralong 9/22/09 3:17 AM
Seriously, I don't know what the hell you people are looking at when you are rating Gray Television. 800 million dollars in debt???? 800M???? The interest payments alone are going to kill this company. They can't turn a profit, they have revenue being driven down 25% this year alone....just let them die. Get it over with, take em out back, bury them next to Old Yeller and be done with it. Seriously, you're excited to buy something with a CCC credit rating? You know what rating comes next after CCC? Bankruptcy.....