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Emmis Communications Corp. Message Board

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  • longtimefollower longtimefollower May 5, 2011 7:50 AM Flag

    Still Stale

    You guys will pay for your impatience. The industry is on the rise, and EMMS's recent refinancing deal evidences that. You don't understand what is relevant to look at on the Street. The refi is massively bullish, and the stock should be at at least $1.25-1.40 now, on that announcement. Yeah, it would have been nice to sell off 2 or 3 stations, and "reconstitute" the balance sheet, to show the Street the value of our "stick" assets. But I trust that management prefers to not sell things under duress, if it doesn't have to...and I also trust that the value of those "stick" assets is going UP, day by day, as the Street increasingly faces the fact that radio is not only alive, but rather quite well.

0.640.00(-0.02%)Nov 25 3:55 PMEST