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Cumulus Media Inc. (CMLS) Message Board

  • longtimefollower longtimefollower Jul 26, 2010 11:49 PM Flag

    Industry analyst Jim Boyle....

    ...in today's Inside Radio "forecasts final second quarter [industry] numbers to be up 6% and says the third quarter is poised for an estimated 7% gain — as long as there’s no big changes in the economy overall."

    Read the entire story at www.insideradio.com
    (Subscription required...but free "Summer of Love" trial subscription available.)

    I, longtimefollower, expect CMLS to be trading at $4-4.50, minimum, by year end, ETM to be at $12-13, minimum, by year end. Could readily see both stocks challenging the old highs, by year end, which would represent a near double from current prices.

    I'M BULLISH ON THE INDUSTRY, AND THINK THE STREET WILL "SNAPBACK" IN TERMS OF ITS FAVORING THIS SECTOR. THE RECENT SELLOFF IS A BUYING OPPORTUNITY, IMHO!

 
CMLS
6.22+0.09(+1.47%)Jul 11 4:00 PMEDT

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