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Emmis Communications Corp. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Sep 20, 2011 10:14 PM Flag

    I now own 2.4% of the company.

     

    "...it would HARDLY be out of the question, at some point in time, when the financing markets get better, for the CEO to make another run at the company. Imho."

    But if he tries to buy you out, he is underpaying you for your shares--in other words, he'll be there for you just when you don't need or want him. How is that good for you?

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    • It depends what price he is offering, and how quickly he is offering it. With ETM down to $5.25, and CMLS at $2.50, my attitude is, if the EMMS CEO came in and bid $2.40 again, in the next 45 days, I'd support that deal (as long as ETM is not at $10 again, and CMLS at $4.00 again, in that short period of time).

      Everything is relative. If I can wait 1-2 years for $3-4, or take, maybe $2.40, in the next 1-6 months, that would always be tempting...especially with EMMS at only 70 cents now. (I can't imagine the CEO could possibly entertain an offer of less than $2.40 again.)

      In any case, one who objected could always let the deal go through, and seek appraisal rights, if one feels his shares are worth more.

 
EMMS
2.57+0.10(+4.05%)Aug 19 4:00 PMEDT

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