Looks rather attractive, but coffee and bottled water are very competitive sectors, and they are a small fish in a big sea. Plus, debt is a bit high. And the stock has been in a trading range for the last couple years. (I'm buying things, right now, that are down 80% this year, on tax loss selling, and see more opportunities there.)
By the way, I don't own any CMLS any more. EMMS is my big radio holding. Looking for the CEO to maybe try to take it private again...at triple the current price.
CMLS probably $4-5 in a year, I'd guess, by the way.
I think Cumulus is in a cloud. They have disrupted a mulitude of stations by their hatchet approach to longtime radio broadcasters who have a large loyal fanbase. I think they really messed up when they took the hatchet to the newly aquired KGO station in SF. There is a huge following going after the advertisers.