Sales only dropped around 7% year over year but Merlin Media contributed 31M to earnings. I think we're getting ready to blast off!http://www.emmis.com/Other/pdf/2012-Q3/Summary_of_Financial_Results_11-30-2011.pdf
so you buying on this dip? ugly open today...
I'm really surprised that price didn't gap way up in pre-market, but it sure looks like a great buying opportunity to me.
EMMS is now in the black for both the quarter and the last 9 months. Earnings of $2.90 for the quarter and $2.56 for the last 9 months. G-o-o-o-o EMMS!http://www.sec.gov/Archives/edgar/data/783005/000095012312000685/R2.htm