EVC has a long history of being valued in the $8-12 range and was heading into those upper regions in later years. There was no irrational bubble to distort those valuations. I think it was rationally valued all those many years and will easily return to those levels in the future. I agree with S&P analysts that EVC will benefit more than others from its hispanic market in a general media recovory.
But when it is obvious it'll be too late to benefit with the now available full 200%+ returns just to get back to the low end of historical valuations.