i'm a believer in the company and in the industry. The radio industry has come out of a secular bear market and is in the early stages of a secular bull market. We could see nice gains for a long long time which is why i do not want to sell any shares even know i almost have doubled my investment.
i feel the same way...and still own 2% of the company. $3.40-3.50 seems like pretty much a "lay up" to me, over the coming 1-3 months. The company may very well have an annualized EPS run rate around 35 cents now, with pretty solid growth prospects. And with it so delevered, and an underlying "breakup value" of $5+ a share (if the CEO were ever willing to sell out), I don't see why it isn't reasonably worth 10-12 earnings, at this point, or soon, which is $3.50-4.20.