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CUMULUS won’t recover, but don’t fret, Ultimate Stock Alerts (google search for them now) just gave me a replacement and I am going to buy
AJGH looks primed for a breakout! Look at the chart. We saw a big move earlier this week followed by consolidation and now the stock looks ready to go back to previous highs.
Noble Financial affirms Cumulus Media (Nasdaq: CMLS) at Buy with a price target of $8 following Q3 results and guidance.
Cumulus Media (CMLS) Buy Rated at Noble Financial Following Q3 Results, Outlook...
Analyst Michael Kupinski noted the following key points:
Third quarter revenues were largely in line with our estimates, which anticipated a soft advertising environment
Advertising trends appear to be improving in the fourth quarter; management indicated that core growth is pacing up with National and Local up in the double digits and in the low single digits, respectively
Despite the positive tone in core advertising in the fourth quarter, the company provided guidance that was lower than our estimate; as such, we are adjusting our estimates
Still a free cash flow story; management indicated that it plans to pare down debt by roughly $600 million over the next 18-24 months; a dollar in debt pare down should increase the equity value of the stock, or as much as $2.55 per share
Near current levels, the CMLS shares offer a compelling 21.8% free cash flow yield; we believe that the shares are compelling and timely given the prospect of an improving advertising outlook
Q414 revenue outlook moves from $341.9 million down to $333.3 million and operating cash flow from $107.3 million down to $102.0 million.
CUMULUS just went down. Good thing I didn’t buy it. Instead I bought (ticker) which Ultimate Stock Alerts (google them) recommended
As of November 11, 2014:
Overland Advisors, LLC reported adding to its positions of:
Encore Capital Group Inc
Cumulus Media Inc.
BAIN CAPITAL INVESTORS LLC reported adding to its positions of:
•Quintiles Transnational Holdings Inc
•Cumulus Media Inc.
•Vonage Holdings Corp.
Stock hit $1.50 yesterday and bounced back to $2.00 level but with those results (down in all their major markets and just under $800M in debt with only $90M market cap) I think it will revisit $1.50.