“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.
CMLS has rdio with subscription. But they have the scale for that. I don't see how emms can find a way out of this unless they hook up with someone larger that will push nextradio into a larger universe (cars, apple, etc.). As an app, nextradio isn't that bad.
From the cmls interview it appears the bet is for a subscription model and ad supported framework will never get too far. This is an ugly business and there is a chance it will stay ugly for a long time. It happens. Some industries just go out of favor and the internet has disrupted plenty already.
why haven't these guys not even attempted to approach apple or microsoft for an app for the iphone or windows phones? Or looked for deals beyond Sprint? NextRadio isn't that bad as an app and it includes a features others don't have. Why don't they look for a bigger partner?
Perhaps now that he sold the MM will mark this up 50% letting this guys know they will only sell at bad prices.
i just saw that the CEO sold more shares last week. You know he wants his personal piggybank all to himself. He would love to take the company private and get sole ownership so he can dip into his personal piggybank without any shareholder concerns. If the stock price gets low enough, who knows what can happen.
Problem here is how do you take out the #$%$. They are firmly in control. The preferred activists could do nothing.
Well digital ads is internet. But they haven't moved their publishing online. At least there are no indications of this. As I say, this is management that is comfortable diverting earnings to themselves with no interest in shareholders whatsoever or the ceo #$%$ will open up the calls to serious questions. CMLS is nothing like this company plus it is being followed by wall street.
If you see how much the CEO makes, you would probably think it's a mistake. Over 4.5 MIL in 2013 and 2.3 MIL in 2014 per form DEF 14A. That is crazy!! The question becomes where should they allocate their capital investments to? the business of radio advertising has just a little bit of growth potential if any at all. If you look at CUMULUS (CMLS) you'll notice that their stock looks like it's bottomed and has started to go back up. They just announced that radio revenue has declined while their digital advertising has picked up. It kind of sounds like Emms needs to be in digital advertising for them to succeed.
I do not think the big picture has deteriorated meaningfully here. I believe they simply sell because they don't care about the company. They just think stock options as their personal cash register. Investors and market makers don't want to be holding their bag anymore.
In all truth, they have done nothing for shareholders. They have not defended the stock and when they had a chance they spent money in questionable enterprises... nextradio, stats company, etc.
Being poor capital allocators and not really siding with shareholders -except during the calls lies- and never hiding the fact that they think stock options are their piggy bank is what is hurting this stock.
yep- The CFO sold his shares at much higher prices for a good reason. CFO usually can see the big picture better than other management or directors.
is that the arswipes that run this company hate to sell their stock options at this low prices lololol. Last time they were able to cash in was in September after cashing in every single month. Eat that Smuylan! No Christmas presents for management lolol.