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Saga Communications Inc. Message Board

  • dcxavier dcxavier Jun 19, 2009 3:26 PM Flag

    Why should I buy Saga?

    $2/share earnings look great, except they have $30M/year debt coming due each of the next three years. $2/share times 4.5M shares = $9M/year, not even close. So they will either have to roll over the debt in these deleveraging times if they can, or sell stations into a dead market.

    Key metric I need help understanding -- How does actual sale value of the stations compare to the book value (intangible assets) they carry on the balance sheet? I see they knocked it down by a third last year, is it realistic now?

 
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