I think there are two ways to look at this . The more positive way is they are being impacted by not as much as others. Even their guidance cancellation did not have the negativity of many others . The desperate cuts by many business is off the back of a need fo raise capital or deal with significant debt. GTN ln the other hand have low debt , plenty of liquidity ( cash ) solid cash flow and a very low debt to EBITDA. you will find drastic actions and are taken by companies with liquidity / debt issues or very severe revenue impacts GTN have a number it options to reduce or suspend dividends over the short term , slow or suspend any backs. The key to wealth preservation is not diluting at low prices. Gtn have very little risk of this and I suspect the SP will recover faster than most , especially since they will enter recovery with some number of shares on issue interestingly the stock has been sold down as much as those companies with big revenue impacts.
I have bought a few at 41.5 to 39 . Will buy more slowly as liquify is low
GTN Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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