It is clear the EVC assets are doing well. Ratings are strong and EBITDA is improving. They have cut costs permanently and revenues are starting to return.
It is unfortunated that some published articles fail to call out the FCC license write down and instead report the numbers as if EVC had a huge cash loss. This will cause some of the less sophisticated holders to sell.
But those of us that recognized the operating leverage that EVC has know that incremental revenues will go right to the bottom line. Revenues will be helped by ongoing improvements in automotive and many big catalysts like the census, mid-term elections, and the world cup.
Longer term we should also consider that the census will explictly confirm the explosive growth of spanish speaking US residents and their buying power.
EVC's next earnings call is only 2 months away and I expect the current selling by those who were blind-sided by the FCC license charge is a short lived opportunity to buy a company that has strong a strong outlook.
I too believe he is right and like most all smart companies EVC will shed all bad debt (negatives on the balance sheet in Q4) so they can crush it in the next fiscal year. . Let the short timers drive the price lower....we will be standing by ready to pick it up. . Long and strong!!