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Cumulus Media Inc. (CMLS) Message Board

  • longtimefollower longtimefollower Aug 11, 2010 4:22 PM Flag

    Buying today.

    Increased my position about 12%. (Hard to acquire this thing in quantity, with the thin trading.)

    I see it selling at probably 4x this year's normalized earnings...factoring in a full tax rate. Incredible.

    My suggestion is that the Dickeys use some of that $1 billion, and see if they can take out the company at $5. As long as they have "majority of the minority" voting provisions, and allow anyone else to come in and outbid them for the whole company.

    This one goes on "super strong buy" at $2.25 or less.

0.3138-0.0183(-5.51%)May 27 4:00 PMEDT