Sorry I missed your post until 4/10. I don't presently own SGA but I did for a very brief time in the spring of 93 (bought at 16 and sold less than three weeks later at 19.25). Nice, but I thought the rise was too fast and not sustainable. I've been watching since then; not daily, but every now and then. I know there's been a split or two (the five for four type split) so long term holders have done ok. This is a great company, but not followed by many analysts. I think there is one "hold" recommendation somewhere out there. I expected some upward movement immediately after the strong earnings and cash flow improvements reported February 24. With a float of only 3.8 million shares, it shouldn't take much to move the stock.
I've been looking for reasons for the recent move from approx. 19 to 22+ sinch March 20 and don't see anything. +11/16 on only 17,300 shares on Thursday (4/9). Maybe it took awhile for the 2/24 report to be understood. Do you have any ideas?
Anyway, I hate to put money in something when it dosen't move when I think it will and then moves when I don't know why. But, I'll be watching. Maybe you'll have some company soon. GOOD LUCK TO YOU.
I've owned this since 1992 and am sitting with 5.5x gain - pretty good, but not like a Clear Channel or most other radio stocks. I've concluded that Christian will never sell out, and at 12x broadcast cash flow this company is well valued. I'm calling it a day.