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Grupo Radio Centro, S.A.B. de C.V. Message Board

  • bugyodel bugyodel Mar 4, 2004 3:38 AM Flag

    Silver lining

    >>Although the Company cannot predict the effect of the replacement of Mr. Gutierrez Vivo on the program's audience share and advertising revenue, it believes that any resulting reduction in advertising revenue will be more than offset by a reduction in programming costs.<<

    That last line sounds promising.
    Sounds like this segment of their business was kind of a loss-leader. So they get rid of something that they barely made a profit on..
    good riddance, I say.
    The $21 million probably gets reduced at some future date, when the market has long since disounted it and has moved on to focusing on the big, long term value here.

    A strong buy, even if it goes back above $6 today, which I expect.