The overhead supply here is astonishing. Must be the most hated stock being held with a long list of holders that can't wait to get out. Sleep well king.
These guys continue to pay themselves richly now rewarding Cummings for some #$%$ to be determined. Ebitda this and that, that noone knows or can be realistically determined. This is a complete vehicle to steal from shareholders who continue to hold the bag for Smyulan who sells his shares at any insignificant rally placing continued pressure on the stock price. I hope this company goes bankrupt and all the executives lose their shirt.
Still unfriendly. But he took more questions this time. Smuylan could be lying but he said he was extremely confident about the preferred shares lawsuit. He also opened the door for a settlement. The notable difference in recent times is that they partnered with ubiquity for nextradio and they were together in a stand in an industry show. Not a game changer but gave some credence to their efforts. I am unsure about this stock and also about management. I guess I should not own it. It is sad it did not get any demand after a good cc. Perhaps, it is in a wallstreet blacklist.
What could be the catalyst that drives this stock higher? I'm not sure how EMMS can grow and add value for shareholders. When I owned the stock, I thought next radio would be the catalyst that drives emms higher and they always had a little bit better radio numbers then their competitors in their markets. When the CFO started to unload a boatload of shares, that worried me. He did it multiple times over a period of time. If management has no confidence, why should shareholders. Thats the way i saw it. Then you have the greedy CEO who got paid a salary that was gigantic. I don't recall the exact amount but i thought it was over 5 MIL for sure. I haven't been following lately so not sure if that's still the way the company operates which is unfriendly to shareholders. It sure did drive down the price of the stock.
EMMS is a terrible stock to own. Not quite sure how the company is doing but the stock is horrible. I used to own it. I sold around 2.50ish. Lost some money but it was a good sell. Put the money in biotech,specialty retail, transportation, india and china and I'm doing much better.
I am pretty sure it was CMLS. Take a look. Missed earnings and crashed and brought all radio plays with it. EMMS should recover. Problem is that it is highly illiquid so we have to wait for buyers.
“Talks are still early, but we're told that both sides have HIRED LAWYERS and INVESTMENT BANKERS - and are serious in getting a deal done.”
It has become difficult to be positive about this stock but looking at the numbers is hard not to see they are doing very good. They also issue some sort of positive guidance, sort of, that is. Mentioned numbers were up in December and looking very good into first few months of 2015.
Then, the preferred lawsuit may be coming to an end this year and the acquisitions is proving to be a success. Sure, debt is high but overall 4.18 times ebitda.
What really caught my "ear" was their partnership with ibiquity and exhibit at CES, which they shared. Been working for 4 months on this and just saw that Patrick Walsh used to be ibiquity's CFO in the past. Looks like with ibiquity radio will broadcast ALL and ANY associated station in the US? Is that correct?
Will Smuylan and his old technology may make a come back?
As I said, it is hard to get excited with this company but there's been many quarters of good news in a row already. They just need one catalyst, like an automaker.