reports in today's Inside Radio (insideradio.com...$$) that, according to his survey of stations, growth in industry revenue was 2% in Jan, 3% in Feb., and 3% in March.
The more industry revenue grows, the more the enterprise value of EMMS grows, is the way I see it. The debt extension buys us, as previously stated, the critical "runway" needed, so that shareholders (and not the banks), can capture all of the value of the enterprise here, above and beyond the amount of debt. The leverage, now, works to our benefit. Because the industry has been growing for about a YEAR AND A HALF now.
How the technicals looking for this? I have been averaging from 55 cents from Dec. onwards. My average cost is 83 cents and around 95 shares. I have been waiting to offload and book some profits once it hits 1.50. Is it going to be a long wait? Thanks for your attention.