I Choose You: Riding the Tegna Merger

 

Investing In Yourself – Using Pillars to Build Your Core	https://urbanomics.blogspot.com/2015/04/urbanomics-pillars-path-set-for.html
Setting Budgets + Saving for Black Swans	https://urbanomics.blogspot.com/2013/02/personal-finance-budget-101-free-credit.html
	https://urbanomics.blogspot.com/2019/11/hey-henry-high-earner-not-yet-rich.html
How to Open My First Brokerage Account	https://urbanomics.blogspot.com/2015/04/personal-finance-101-starting.html
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Stop, collaborate, and listen because the Oracle is back with the same old mission. Good morning to you all out there and a very Happy Wednesday to ya. I wanted to quickly post about an investment that I've been writing about for quite some time. For a quick throwback, see these posts on Tegna (TGNA):

URBANOMICS: Tegna (TGNA) - I got the Hook Up Alert

URBANOMICS: Inflation | Stagflation | Recession - Either Way Here's How I'm Trading

URBANOMICS: How to Buy Week of 9/26 - Name that Stock Up 20% In 1 Week

When I first bought shares of Tegna (TGNA), it was thanks to a network of friends who help me spot solid investment opportunities. I call this group my Mansa Musa Network: people whose insight and instincts I trust.

One example is my friend Byron Allen. Years ago, I noticed how interested he was in acquiring this quiet, steady TV media company. At the time, Tegna traded around $12–14, and then Byron came in wanting to buy it for $20 or more. That move caught the attention of other investors, and soon a bidding war pushed the price up toward $24.

I won’t rehash the entire history, but I will close the chapter on what turned out to be a very solid investment. Looking back, it was a simple story: find value, be patient, and let the results play out.

Along the way, I sold about half my position but I held onto the shares I originally bought around $12. More recently, I added smaller positions and that brought my average purchase price to around $18.25. My goal was to trust my instinct that expected that this steady, quietly profitable broadcaster would eventually get bought out. If 5 titans in the investing world have been circling it in the last 4 or 5 years, a hook up is inevitable.

And that’s exactly what happened. As I’ve said before, a merger is a lot like a company getting married.

Tegna got chosen.

Fast‑forward to the merger deal finally closing at $22 per share, and my 2nd position in this stock turned into a nice win. A solid 20%+ return for simply being early, patient, and willing to sit through the noise.

What made this merger or hookup particularly fascinating was the roller‑coaster of headlines: regulatory delays, shifting buyer sentiment, and the usual swirl of speculation that comes with any media‑industry consolidation. Plenty of investors bailed during the uncertainty. But sometimes the simplest strategy, buying at a reasonable valuation and letting the process play out, ends up being the most rewarding. Don't believe me just read. I did a search for Tegna and added posts where I've written about this investment from the inception. I hope it helps you trade and more importantly understand the lesson of finding value and being patient -- in silly things like investments but more importantly within yourself.

I'm out, gotta start my day. Stay blessed.