Thanksgiving Day Stock Tip: Buy Politics
November 23, 2006 at 4:40 pm
Who’s thankful for tight political races? Political junkies, of course. But so too these are days of financial thanksgiving for the companies which own TV stations where there are tight races.
Consider the S&P Industry Report for Broadcasting & Cable TV (Nov. 18, 2006):
After what we saw as a sluggish 2006-07 TV upfront market, we have seen robust spending on political ads for local TV broadcasters, as well as national/spot cable, buoyed by several tightly contested races in the recently concluded mid-term elections.
With the battle over Congress continuing into 2008 — and both sides wide open for the presidential nomination — perhaps it’s time to buy stock in companies which own TV stations?
swq said,
November 23, 2006 @ 8:08 pm
Blogs are going to be written off the same way.