In more normal times, the cash flows would easily support their finding financial backers for that. And these ever lower interest rates may eventually support it anyway. With expectation for some kind of positive revenue growth for this industry, for each of the next 3 years, imo, this kind of stock price is absolutely insane. The worst thing the "summer slowdown" in the economy is going to have is shave a few pennies off the annual earnings estimate for ETM. That's IT. But we're still looking at $1.25 or so in EPS for this year, which, again, means we are selling for like 4.7x earnings, which, again, is just insane.
This is an important and COMPELLING opportunity, for thinking investors. Cash flow is king, and ETM has it in spades, at a truly astounding discount.
Monkey, company owns 110 RADIO stations in 23 markets... not a TV broadcast company. If TV advertising is less valuable given the impact of DVRs on digital ad insertion, as you indicate, then perhaps more dollars flow to radio. Stop wasting readers' time with your pointless and thoughtless posts.
LTF- Last time I was in this stock, I made good money. I will start buying on Monday and eventually will be my one of the top three holdings in my portfolio. I love this opportunity. I like and learn a lot from your analysis.