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Thursday, Nov. 29, 2012 | 2:01 a.m.
Another view?
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Did anyone benefit from the billions of dollars spent on political ads in 2012? Stockholders in CBS and Sinclair Broadcasting certainly did. Last November, CBS’ stock sold for about $25 a share. Today, it sells for about $35 a share, a gain of 40 percent, and pays a 1.4 percent dividend. Sinclair Broadcasting owns 73 stations in 45 markets. Its stock sold for $7.40 a year ago. Right after the election, it was $13 a share, a gain of 75 percent, while paying a 5 percent dividend.
For 2016, I am sure it will be more of the same. So in September 2015, I am going to buy stock in both of these companies. It should make the 2016 barrage of negative political ads a little easier to take.
Letter writer is right on. Must be a Republican! A Democrat could never think up something like this on their own. They need a Super Committee and/or a Gang of 6 or more to do so.
CarmineD
Bob has found the silver lining.
Keep an eye on the company profits and losses, change in CEO's if any, and stock price for the next several months and watch the trend.
You may want to get an idea of when to sell after you make your killing in 2014.
Actually there is more to keep an eye on, but I will leave that up to you.