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Radio One Inc. Message Board

  • longtimefollower longtimefollower Feb 20, 2013 9:58 AM Flag

    Very solid results.

    Their radio division is going gangbusters...especially compared to the markets they operate in. They also announced that they are reinitiating the stock buyback...which is especially great news, considering the stock has more than doubled.

    For the sake of argument, with $110 M in adjusted EBITDA, if you value the entire company at 8.5x, that's $935 M. Add the $57 M in cash, and you get $992 M. Back out the $819 M in debt and you get $173 M. Divide by 50 M shares, and you get an equity value of $3.50 or so per share. Go with 8x (the bare minimum the company should be worth, since 8x is what radio portfolios seem to be going for, and the TV part should be worth more than 8x), and you get a $3+ valuation.

    I see $2.00-2.50 in our future here, at the very least. Next 2-6 months, anyway.

    Sentiment: Buy

2.61-0.06(-2.25%)Feb 27 4:00 PMEST

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