Fri, Jan 30, 2015, 2:24 AM EST - U.S. Markets open in 7 hrs 6 mins


% | $
Quotes you view appear here for quick access.

Cumulus Media Inc. (CMLS) Message Board

  • longtimefollower longtimefollower Apr 30, 2010 2:40 AM Flag

    Still looking at 70-90 cents in full year EPS, fully taxed.

    Based on, roughly, $5-6 million in additional incremental pre-tax income over year ago period in Q2, $6-7 M in Q3, and maybe $8 M or so in Q4. (These are ballpark figures.)

    The best number to go with for the year is 75 cents. I'd imagine we can sell at a 10 multiple, by the end of this year, which would put the stock at around $7.50, and be a 50% move from current levels.

    It's hard to see why the stock would sell off on an earnings report such as this; however, there may be SOME people that want to get out with their gains "no matter what." That would be a tremendous buying opportunity, if it happened. ($4-4.25 would be a great place to buy more.)

    Who knows, if this sector comes really into favor, and the Street projects further growth in 2011, like EPS of maybe .90-1.00 or so, on top of the 75 cents or so ballpark I expect for 2010, maybe they'll stick a 12-13 multiple on this year's earnings, sooner than we realize, and the stock can sell for as much as $9-10, by the end of this year.

    More broadly, I'm guessing there'll be support at $4.00-4.25...and resistance at $6.50-7.00, in the short to intermediate term.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
3.64+0.10(+2.82%)Jan 29 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Core Laboratories NV
NYSEThu, Jan 29, 2015 4:00 PM EST
Facebook, Inc.
NASDAQThu, Jan 29, 2015 4:00 PM EST