Quite a few websites and columns follow insider buying. Some people are just catching up on their reading. One of those Seeking Alpha columns had 500 followers. The better column had almost zero followers, but people will read it.
Nature says we go down as many people want to cash in at least some of their profits.
But it may go up with the new buyers showing up. Us longs believe ETM is still cheap, so why shouldn't it keep on climbing?
So.... I predict tomorrow' close is $7.59
Any other thoughts?
You claimed "everything is eating into radio." I am pointing out, flat out, that you are wrong: newspaper revenues are still declining...radio revenues are UP. Rather than sidestep the issue, you would increase your credibility if you admitted you were WRONG in your statement. I see Jessie Livermore in you...in spades.
golf: you are full of it.
When did NPR formally stop saying National Public Radio? I hear them say it a hundred times a day, Buy the way, check out National Public Radio, the dying medium, on podcast, Twitter, facebook and if none of those are convenient, try you-tube.
Now what? You going to tell me your radio station is reading you the front page of the NY times? Oh darn, I keep forgetting how the publications keep saying it is more difficult in the 2000's because radio was not aroung in the 1980's. Or was the the internet?
Heck even NPR has formally opted to stop saying "Nation Public Radio" because they recognize that radio is a declining method of distribution for them while internet is growing. Its only "NPR" now. They actaully thought it over and decided to make the change. It says something when national radio does not want to be called radio any more...
Well once folks get realistic about what the debt refinance is going to cost ETM next year they'll start to model in at least an extra $1/share in interest expense so we should see the valuation eventually reflect no more than a 40 cent annual earnings on a declining operating base as satellite and Internet radio continue to erode radio's listener share and relevance.