ETM stock is on sale due to temporary weakness brought on by automotive advertising disruptions. Even with slower growth factored in, company generating $80mm+ in FCF annually. Has paid back ~$150mm of debt over last 2 years and this continues to be the focus. By the end of this year balance sheet leverage will have dropped to close to 5.0x and new bank agreement with favorable terms based on leverage stats should be put in place. At this point, focus should turn to returning capital to investors through dividends or stock repurchases. With 38mm shares out, company will be generating more than $2 of FCF/share. Half (or $40mm+) will likely continue to be applied to reducing debt and the balance would make a nice healthy dividend of $1/share. At current stock price of $9, that's an 11% yield. This won't last long as stock should rally to $12-$13 range, if not higher IMO.