TEGNA Benefits From Increased Political Engagement

  • TEGNA surprised us with its fourth quarter results, and the company has quite a bit going for it.
  • Subscription revenues and political ads are growth, as well as margin drivers and the company produces significant cash flows.
  • The shares are really quite modestly valued. We believe there is more gas in the tank here.

Source: TEGNA Benefits From Increased Political Engagement – TEGNA Inc. (NYSE:TGNA) | Seeking Alpha