I'm thinking $3.00-3.45 here, in the next 3-4 weeks.
With EMMS sinking and CMLS and ETM all have too much debt I am begining to think they are all time bombs with different length fuses dictated by the the length of their financing. They seem to be dying a second post-crisis death, one by one by one.
Get a clue. Terrestrial radio is dead.
Even if that were so (and it's not), that wouldn't automatically mean the stocks are worth zero. You gotta figure the discounted value of the future cash flows.
Great minds think a like, so I guess you are a great mind as well. Gooooo CMLs, but wait until I get a few more shares, thanks.