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.