This is a pathetic company run by black people. Stay away from this company. Only in business to make money for the major shareholders. Only the Worst Board of Directors in the world could let a stock price fall from $15 to $1.50 in a three year period. Even the Latino stations get larger advertisers than these jokers. Have you ever heard how ignorant their President sounds on a earnings conference? Just listen to one of the archived events. He has to bluff his way through the calls. Whatever happened to your great internet portal for African Americans, Mr. Al? Isn't it nice to live off of mama - just like the other brothers down in the hood? This company is virtually worthless but guess how much their owners are worth after having sold their shares at inflated prices?
Sounds like the Cincinnati station probably get the same callers all the time. That lowers its appeal to a wider audience and advertisers. The talk show hosts must be unsophisticated personalities to allow the negativism.
emmittill, according to your message history you don't speak often but when you do you really let it all out.
What do you think is happening here. The volume isn't high today and no news has been posted. Book value is stated by Yahoo and Value Line at around $10/share and value line is showing positive earnings for every year since 2002 with a minimum in 2007 and an increase projected from that level in 2008. I have other stocks with actual loses and yet they seem to hold up better. So what do you think is the problem here?
I don't think I would sell here especially if you have been holding since your previous message in 20006.