Everyone right now is focusing on the coronavirus, as well they should be. I don’t really see the point in trying to forecast stock movements over the next few weeks - in the short term, government bailouts and quarantines will govern this market.
Eventually, however, this madness will end, and when the market turns (assuming it hasn’t done that already), an investor’s shopping list for stocks should once again depend on long-term fundamentals. Those long-term fundamentals are what I will continue to focus on in my articles. Whenever the time comes to buy and hold stocks again, which ones should you buy and hold?
For a long time, I’ve been arguing that Sinclair Broadcast Group (SBGI) shouldn’t be on that list. In my view, its RSN bet is simply imploding, and there’s no easy way out of it now. But many have been pointing out that with Sinclair being pummeled so much harder than even the rest of the market - it was down to $13 at one point, compared to a 52-week high of $66.57 - that it was time to bet on a sharp rebound.
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