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Entercom Communications Corp. Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Sep 9, 2010 1:06 PM Flag

    ETM made $.39 for the June qtr


    The interest rate Entercom pays will not change. The current credit agreement is dated June, 2007, not that long ago. The amendment, which did not require the company to pay greatly increased interest rates and required the payment of a few of less than one per cent of the size of the debt, is dated only six months ago. The lenders had the chance to extract blood in March, but they didn't.

    Expect, worst case, the operating results you have seen over the last 12 months to continue.

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    • No, sorry, your judgement is wrong.

      Nobody is going to lend to ETM at under 5% ever again.

      ETM's debt at times has become almost worthless in the past 2 years. That hints at just a bit more risk than treasuries, no?

      ETM has more liabilities than market value assets.

      Radio(yes, can't believe we are talking about RADIO, like your grandma had)is being hammered and replaced by new media and new advertising. Day in day out.

      This company is owned by creditors. They will extract all they can and even so they may not get paid back. There is no equity value here.

      Some people are fooled by legacy cheap debt "earnings". That will soon be a thing of the past.

12.06+0.44(+3.79%)1:18 PMEDT