That’s a question Ashwin Virk of Simply Wall St. asks, as mid-cap stocks such as TEGNA “rarely draw attention from the investing community.”
Nevertheless, “commonly overlooked mid-caps have historically produced better risk-adjusted returns than their small and large-cap counterparts,” Virk notes.
With that, Virk took a deep dive into TEGNA’s debt concentration to access its financial liquidity and got a good sense of the company formerly known as Gannett’s ability to fund strategic acquisitions and grow through cyclical pressures.
