Sat, Aug 30, 2014, 8:22 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Emmis Communications Corp. Message Board

  • longtimefollower longtimefollower Jul 19, 2012 1:02 AM Flag

    Wow, whoever thought we'd see $2+...

    ...without a buyout bid, and without a resolution of the preferred stock issue. Amazing that these two major other trasactions (WXRP and KXOS) inserted themselves, prior to a resolution on the preferred.

    I obviously started selling way too soon...but I'm not crying, considering how much I made here, and how quickly I made it.

    For what it's worth, my "next Emmis" is Zale Corporation (ZLC). A highly leveraged company in turnaround mode, with underlying valuation in its "crown jewel" Canadian division (Peoples' and Mappins' jewelers, the two largest jewelry retailers in Canada), and the Piercing Pagoda division. Interestingly enough, the value of these assets gives the same downside protection that I felt Emmis's saleable assets gave it, when everyone was wringing their hands, ad nauseum, about a potential Emmis "bankruptcy", at various times over the last few years. That makes Zale a very similar situation to Emmis, and I'm nearly as excited about Zale at $2.80, as I was about Emmis at 80 cents.

    Zale is currently tied for my largest holding in the stock market right now. I'd encourage you to check out that message board for stimulating discussion....and my drooling all over that message board. [lol]

    I personally see EMMS as fully valued, in the short term, at $2.20-2.50, and will sell most of my remaining holding, if we should rise to that range. But I will keep a small "core holding"...as an expression of faith and confidence in the stimulating and exciting initiatives that a very creative, highly focused, and energized management team at Emmis (as I view them) is pursuing.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
EMMS
2.56-0.01(-0.39%)Aug 29 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Burger King Worldwide, Inc.
NYSEFri, Aug 29, 2014 4:02 PM EDT
Synaptics Inc.
NasdaqGSFri, Aug 29, 2014 4:00 PM EDT