mid single digits and positive outlk on June. Even if radio normalizes at 2%-3% revenue growth, ETM is trading at a 25% free cash flow yield, 8 p/e, etc. That is too cheap in my book.In the ST the mkt is a voting machine, in the LT a weighing machine. Time will tell us what kind of machine we have. I say an undervalued one.
yup-that would account for 20+ days of declines for ETM