I wonder as we trend above the moving average if we are going to see a near term breakout? The big issue for the day retail sales and the consumer. The data suggests better times ahead which is good for advertising media. 1Q estimates are low suggesting a charge or a purchase. However if no charge or purchase comes into play and revenue remains relatively unchanged for 1Q. 1Q estimates will be blown away. I think we will see $6.00 around 2Q earnings?
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.
I agree if the economy keeps afloat and business picks up this stock will double or triple from it's current price. I've noticed the earnings estimates have creeped up a little higher since I looked last week.