jamievanbuskirk Gray Television (NYSE:GTN) recently reported mixed second-quarter results, which led to a severe decline in GTN's stock price (Figure 1).   Figure 1 - GTN shares sold off on a mixed Q2 result (Seeking Alpha) However, going through the details of the quarter, I still see much to like about Gray Television and believe the decline may have been an overreaction. While GTN did guide down on full-year core advertising revenues, the delta is mostly due to an expected displacement from political ...