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Entercom Communications Corp. Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Jan 13, 2011 11:37 PM Flag

    bought at $10.30 yesterday

     

    I have no idea how low it will go.

    ebeads2003, when the share price was in the mid-teens, I did not think that it would drop to $5--but it did! When it was at $5, I did think that it would get back over $10 so quickly!

    I entered a bid at $10.10 late in the trading session--no fill.

    The KUFX station purchase tells me that the Fields are confident about the refinancing; otherwise, the money would have been used to repay debt. Quiet station purchases do not generate the media buzz that M&A activity would, but I think that buying stations cheaply now is really smart.

    This topic is deleted.
 
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