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Entercom Communications Corp. Message Board

  • longtimefollower longtimefollower Aug 6, 2009 10:06 AM Flag

    ETM Exploding!!

    FINALLY...and very justifiably so.

    This stock traded for as high as $55, in the earlier part of this decade, and TYPICALLY traded for $30-35, in the mid part of this decade. I think, with all the shares bought in, and the accretion to future EPS from that, we are eventually going at LEAST to $30-35...and if the sector comes back into favor like it was in the early aughts, could go back to the old highs.

    Expect at LEAST $2 in EPS at the next peak, and with all the cost cutting, SOME of which at least is permanent, I would say more likely $2.50. Slap a 15-18 multiple on this SOB, and you got a $37-45 two to four year target here.

    The ride has JUST begun...we're still selling for little more than TWO times expected peak earnings.

    This whole sector (radio) is going to CATCH FIRE.

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