Las Vegas Sun

May 26, 2015

Currently: 73° — Complete forecast | Log in | Create an account

Letter to the editor:

Taking stock of campaign ads

Another view?

View more of the Las Vegas Sun's opinion section:

Editorials - the Sun's viewpoint.

Columnists - local and syndicated writers.

Letters to the editor - readers' views.

Have your own opinion? Write a letter to the editor.

Did anyone benefit from the billions of dollars spent on political ads in 2012? Stockholders in CBS and Sinclair Broadcasting certainly did. Last November, CBS’ stock sold for about $25 a share. Today, it sells for about $35 a share, a gain of 40 percent, and pays a 1.4 percent dividend. Sinclair Broadcasting owns 73 stations in 45 markets. Its stock sold for $7.40 a year ago. Right after the election, it was $13 a share, a gain of 75 percent, while paying a 5 percent dividend.

For 2016, I am sure it will be more of the same. So in September 2015, I am going to buy stock in both of these companies. It should make the 2016 barrage of negative political ads a little easier to take.

Join the Discussion:

Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

Full comments policy