Based on the rates Cumulus got, ROIAK should be able to refinance ITS debt, and maybesave something on the order of $20 million a year!
This stock is going higher...probably a beeline to $4.50-5.25, when (not if) they get a refi.
The Cumulus deal coming off means it's pretty much a slam dunk for ROIAK.
Remember that idiot a year ago, who was saying this was a short at 75 cents?
This was a h*lluva prediction on this date (12/25/13) given that the stock went from 3.50 0n 12/24 to 5.54 just two weeks later. Not such a good stock to be holding on July 30, 2014 though.
Well, I sold out 6 months ago.