Merger uncertainty can be a negative, especially in regulated industries. Local broadcasting giant Sinclair Broadcast's proposed acquisition of Tribune Media is becoming mired in regulatory, legal, and congressional mud.
Sinclair is a good buy on its own with all covering Wall Street analysts rating it a Buy or Strong Buy.
Sinclair is undervalued based on price and cash flow metrics. Quant-based valuation models indicate the stock should be trading nearly 42% higher.
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