Entercom is testing a new 52 week high today, after a decent earnings report yesterday, and solid guidance (pacings up 7% in Jan/Feb).
I hope I know what I'm doing, but I nearly DOUBLED my Emmis position today...buying a lot in the 82-86 cent range.
I would THINK a bounce back to $1.15-1.25 seems in order. Again, with radio ad revenues DECIDEDLY turning up, it's hard to see the banks "walking away" here. Isn't Smulyan appropriately "connected," considering he has "the Senator's wife," and "the ex-Governor's wife" on his board of directors??