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

Entercom Communications Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • great_stox great_stox Sep 26, 2005 8:24 PM Flag

    Why didn't I buy

    I hear you, man! ;) During this weekend I decided to buy ETM first thing Mon. morning but the price went throught the roof... Is this stock still a buy or should I wait for a dust to settle down?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • It's a buy to around $35. Then, still good.

    • It's hard to say. If you in it for a long term investment ETM has the best track record with earnings and revenue of all the radio operators and as I said $32 seems to fairly value ETM . No doubt I would not have disliked making 8% on my money in one day, but in the short run you don't know how Wall Street will react to ETM meeting revenue estimates but taking a big charge for Katrina related expenses.6 radio stations in New Orleans with almost 0 revenue (they have some national advertising but mostly local which were all wiped out temporarily)amount to 6% of all ETM's business(6% is the possible worst case scenario).Last quarter the stock went to $34 after beating estimates , I don't see ETM exceeding that this quarter under the circumstances. Long term ETM will continue to by distressed stations and turn them into money makers , buyback stock and go after the newspapers' advertising clients . Longterm winner and a buy. Shortterm ,probably a pull back to the $30s after the news of a quarterly loss sinks in.

11.90+0.51(+4.48%)Nov 25 4:02 PMEST