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Why are Media Stocks not HOT anymore...?

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April 09, 2010 – Comments (1) | RELATED TICKERS: MNI , ETM , SBGI

Just kidding.

Of course media stocks are still HOT. They are actually kicking butt today.

CMLS is up 11%, MEG is up 7%, ETM is up 5%, SMSA and EMMS are up 5%,...

All of these stocks, of course, come from my list of 14 media stocks I made back on Oct. 6, 2009 in my in my post Huge Bull Market in Media Stocks:

Only today, portfolio of these 14 stocks is up 3.3% (if same amount of money invested in each stock).

And since my origional post,

MNI is up 95%,

ETM up 82%,

SBGI up 60%

SBSA up 53%,

CMLS up 48%,

BLC up 43%

EMMS up 39%,

GCI up 32%,

GTN up 28%,

SSP up 23%,

SALM up 23%,

LEE up 7%,

MEG up 3%, and

JRN down 1%.

 

Check the math yourself if you don't believe me. You can find Oct. 6 prices of these stocks in the link above.

I hope you understand now why everybody loves a good media stock...

Good Luck Fools!

1 Comments – Post Your Own

#1) On April 12, 2010 at 7:14 PM, freefall51 (50.32) wrote:

What do you think will happen to a company like McClatchy (MNI) with about $ 1.8 B LT Debt and a Debt/ Equity ratio > 10 on the books, if Mr Bernanke chooses to hike the interest rates?

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