Radio revenues are pacing up 6% in the current quarter. Publishing revenues are pacing up at a double digit percentage! And we are close to UNLEASHING the hoopla and sex appeal (and concrete revenue and profit possibilities) of NextRadio.
The entire sense is that there has been a "sea change" for the entire radio business. They specifically and emphaticallly referenced that they are looking at a common dividend and/or stock buyback, when the leverage gets below 2.5x.
I've reevaluated my whole view of this stock, and now view $3-4 as possible, within the next 12 months, and quite possibly, even by the end of this calendar year.
This company has been REMADE....and the Street hasn't fully factored that in yet. (The only real negative is the unresolved pfd stock litigation.)
The company has $66 million in NOL's, and won't be paying any significant taxes for YEARS.