This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Stocks Insiders Love Right Now

Stocks in this article: DELLNLSNSBGIAIGWLT

Sinclair Broadcast Group

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Insiders are doing some notable buying in Sinclair Broadcast Group (SBGI), a diversified television broadcasting company, which owns or provides certain programming, operating or sales services to the television stations. This stock has done next to nothing so far in 2012, with shares up just 1.5%.

Sinclair Broadcast Group has a market cap of $925 million and an enterprise value of $2.12 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 12.11 and with a forward price-to-earnings of 10.59. Its estimated growth rate for this year is 52.6%, and for next year it's pegged at -27%. This is far from a cash-rich company, since the total cash position on its balance sheet is $12.97 million and its total debt is $1.21 billion.

A director and beneficial owner just bought 85,000 shares, or $984,000 worth of stock, at $11.58 per share.

>>13 Small-Caps Crushing Analysts' Estimates

From a technical perspective, SBGI is currently trading above its 200-day moving average and right below its 50-day moving average, which is neutral trendwise. This stock had been uptrending strong for the past six months, soaring from around $6.50 to its recent high of $13.19 a share. That said, shares of SBGI have now entered a short-term downtrend off that high of $13.19. Since hitting that high, the stock has started to slide lower back below its 50-day making lower highs and lower lows.

If you're a bullish on SBGI, then I would wait for this short-term downtrend to cease before buying any shares. One way to identify that is to look for a high-volume move back above its 50-day at $12 and above some near-term resistance at $12.18 a share. Look for volume on a move above those levels that registers close to or above its three-month average action of 422,585 shares. If that moves doesn't happen soon, then you can look for long entry points off previous support levels at $11.31 or near $10 a share.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,185.85 +211.54 1.25%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,573.3830 +24.1570 0.53%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs