Townsquare Media: Buy TSQ Stock For The Yield, Hold It For The Value
TSQTownsquare Media(TSQ) Seeking Alpha·2024-08-28 14:15
bymuratdenizTownsquare Media (NYSE:TSQ) is an "old media" stock offering the appealing combination of a low valuation, high dividend yield, and much stronger long-term prospects than it seems on the surface. That is, at current prices, TSQ stock sports a forward dividend yield of 7.32%. The stock also trades at a discounted valuation relative to its underlying assets. To top it all off, while known mainly as a radio broadcasting company, Townsquare's main business is now digital, not terrestrial radio.  ...