This is the Yahoo! Message Board about SGA, where you can discuss the future prospects of the company and share information about it with others. This board is not connected in any way with the company, and any messages are solely the opinion and responsibility of the poster.
I would hang on to this one. Political revenue -- easy money for radio stocks -- and the holiday season are all pointing positive. This is a also a 14 week quarter -- it happens about once every seven years. That means an extra week of revenue for broadcast stocks. Beware -- the first quarter of 07 - is a 12 week quarter. Christmas falling on a weekend also helps. That give businesses a chance to advertise for one full week before and after the 25th. Advertisers tend to shy away from spending during Christmas week if their stores are closed on a weekday. I think this one still has some room to move higher.
Another little known fact -- some of their properties may be for sale. Put all of this together and this stock is cheap -- temporarily.
terry100000 - Political revenue and Christmas falling on a weekend could certainly be of benefit to SGA and radio in general - good points. But, while radio sales works on a Broadcast Month, most radio companies report revenues and earnings on a Calendar Month/Quarter - SGA included. In fact, the first week of the current Broadcast Quarter was 9/25 - 10/1...SGA has already reported earnings for the period ending 9/30. So, the 14 weeek broadcast quarter has no bearing on this or any radio stock.
With that said, I too believe this stock is very undervalued. What gets the market to move on SGA? I think strong 4th Qtr revenue growth would be a start. I also believe the Clear Channel spin off of 448 smaller market stations will give Wall Street a good benchmark for which they can determine the true value of SGA's assets.