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Sinclair (SBGI) Stock Rises As Loss Deepens And Leverage Looms
Sinclair has just put your thesis to the test. The stock jumped 6% today to US$14.75, even as the headline result for the quarter flipped back into a loss with basic earnings per share of about US$1.05 in the red on US$840 million of revenue. For a company often viewed through a long term value and income lens, the key focus this quarter is the pressure that loss puts on already thin earnings coverage of its debt load and dividend.
Love Sinclair's income potential but uneasy about the...