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Emmis Communications Corp. Message Board

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  • fabulouspoodle fabulouspoodle Jul 2, 2010 2:03 PM Flag

    Emmis buyout tender to be launched next week

    Well, I think its time to put away those stupid lawsuits. Since the deal was first announced, on April 25th before the open, valuations of Radio Companies have contracted dramatically.

    ROIAK on 4/23 close = $5.04, now $1.21
    CMLS on 4/23 close = $5.13, now $2.72
    ETM on 4/23 close, $14.86, now $8.35

    EMMS on 4/23 close = $2.30, now $2.20.

    I'd be real happy to get the $2.40 for EMMS. Actually I only have a little left caise I sold 80% at $2.30 recently. And with the complete 180% change in the Radio Sectors momentum since the announcement, and the economy not too hot, I'm considering dumping the rest in case the the buyers back out.

    I mean lets face it, without the buyout offer, EMMS would probably be back to $1.20 or less. I mean I'm believe the deal will go through, but the collapse of radio stocks has to make it a little more risky. Heck, ROIAK has come down like 33% just in the past week.

    best.

    best.

 
EMMS
1.205+0.035(+2.99%)4:00 PMEDT