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Emmis Communications Corp. Message Board

  • mcaplan2006 mcaplan2006 Jul 16, 2014 9:07 PM Flag

    I sold 60% of my stock today

    i figure the risk to the downside out ways the potential gains to the upside. I think the chance of a surge higher here is not good. It seems like it is more probable that the stock goes lower.

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    • I sold all of mine over 3

    • To some -or great- extent it trades with the IWC index. The microcaps that were badmouth by Yellen today. So unless there is some good news in the horizon, insider purchases or a move by the CEO this is either dead money as LTF said or something worse.

      On the other hand, Smuylan said EMMS trades as the GDP does and GDP is about to improve markedly in the next few quarters. If so, will they have any pricing power to improve margins? I am stuck with my position and buyers are out of sight. Dam it.

      • 1 Reply to rosen62
      • the IWC index has been such a good performer all throughout last couple years. It looks like it peaked in March, right when the insiders sold a lot of stock. during last conference call, the radio local market revenue was down for the industry so maybe that signals weakness. If GDP grows, that would signal the economy is getting stronger and i would expect revenue to increase. I agree that GDP is likely to improve in next couple quarters. I am going to listen to the Cumulus Media conference call which is on Aug 6th. I want to see how they perceive the radio broadcasting industry and want to see if they mention anything about growth due to the next radio initiative. I have a feeling they will be very bullish on the industry.

        I did see that there was an enterprise value investment portfolio that sold EMMS on 7/15. They had a 1.2% portfolio allocation and sold it so they owned nothing. If you click the market pulse link underneath the message board link on yahoo finance, you'll see that.

 
EMMS
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