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Cumulus Media Inc. (CMLS) Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Feb 11, 2010 2:30 AM Flag

    Form 4 CUMULUS MEDIA INC For: Feb 08 Filed by: DICKEY LEWIS W JR 02/10 02:01 PM


    and on this Form 4 ( ), you see in footnote (1) that there were purchases on 11/20/2008 at prices as low as 34 cents per share--but also at prices as great as 68 cents per share (twice 34 cents) on the same day!

    The trading range for that day was 33 cents to 68 cents. That's a pretty wide range.

    What is in the mind of a buyer who is buying at BOTH ends of that range, ultimately at an average price of $0.4129, closer to 33 cents than to 68 cents, but still sufficiently in excess of 33 cents to indicate significant buying near the high for the day? Answer: "This is a steal at these prices. They're not even CLOSE to true value!"

    Ask yourself this question: What opinion of a stock's true value would have you buying both at one price and at a price 100% greater than that on the same day? Wouldn't it be that the stock was very severely undervalued?

    I think it's a steal now, but I already own a few shares--over 500, in fact (a lot for me if not for some people)--and must insist on lowballing future buy order limits.

    This topic is deleted.
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