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Emmis Communications Corp. Message Board

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  • longtimefollower longtimefollower Nov 22, 2011 8:49 PM Flag

    EMMS Buys Out Alden's Preferred Shares


    I'm putting EMMS on. "super strong buy".

    The previous going private proposal called for the pfd holders getting $31 in new paper, if I recall correctly. Now, we are in the process of retiring well over half of the preferred at about $15.50 per share, or half what they were going to get before.

    These kind of deals dramatically build the residual value, for common stock holders, in my humble opinion.

    Emmis management is kicking butt, for the common holders!!

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