- 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