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Emmis Communications Corp. Message Board

  • longtimefollower longtimefollower May 6, 2012 1:43 AM Flag

    Potential next idea.

    For those of you with excess capital floating around, I'm extremely bullish on RSH, at current prices, and have used much of my EMMS proceeds to load up there. RSH is currently my 5th largest holding. (Emmis is still my largest holding.)

    Please do your own due diligence.

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    • Radio Shack. Very interesting. I took a very quick, cursory look. I see it reached the lowest prices in years last week. Now yielding almost 10 percent ... has almost as much cash as debt. But a name that's arguably more broken than Best Buy. So what's the LT story here?

      The U.S. market on Monday isn't going to like the news today out of France. Market may be in a foul mood Monday, which means it might be a good day to pick up some shares of favorite names.

      • 1 Reply to tgagrippa
      • I'm not playing RSH for the long term. It's got a 36% of float short interest...so any type of bottoming action (it certainly SEEMS oversold) could bring in a massive short covering rally.

        yes, the Q1 results were terrible, but it's also selling at 1.25x the 2010 ebitda, and 2.25x the 2011 ebitda. That's CHEAP...if they can turn it around, or even, in the short term, if they can't.

        I think RSH is so cheap, it is subject to a buyout...or an activist seeking to throw out the board and management. (Mamagement is acting very stupidly by paying a 10% divvy, when they should eliminate it and buyback stock instead.

    • I so not have excess capital. But I am going to start buying by selling some other position including remaining EMMS. Thanks for the EMMS pick.

    • Also a big fan of HTCH, with the insider buying reported last week (although nothing massive).

      HTCH may also take somewhat longer to start to play out (a couple quarters, perhaps).

 
EMMS
3.33+0.02(+0.60%)Apr 17 4:00 PMEDT

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