Jeff Parent B. Eng. FCSI CIM Gray Television, Inc. GTN-N PAST TOP PICK May 31, 2018

Stockchase Research Editor: Michael O'Reilly This Atlanta based specialty channel TV station provider, operates in 94 markets, looking to grow to over 100. It trades at 5x earnings and below book value. EPS growth this year was over 190% and is projected to grow by another 125% this year. It pays a decent dividend, backed by a payout ratio less than 30%. We would buy this with a stop-loss at $15.00, looking to achieve $25.00 -- upside potential of 35%. Yield 1.77% (Analysts’ price target is $24.88)

(A Top Pick Mar 25/21, Up 26%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GTN is progressing well. We now recommend trailing the stop (from $15) to $21. If triggered, this would all but guarantee a net investment return of 13%.

(A Top Pick Mar 25/21, Up 13.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GTN has triggered its stop at $21. To remain disciplined, we recommend covering the position at this time.