I have made a profit in it by buying at the lower channel pricing. One day I will lose money by selling to quickly as this will no doubt about it be bought by a bigger player. The refinancing is a great step towards both improving the income statement , balance sheet and making it more attractive for an acquisition. The growth of the Hispanic population in our key metropolitan areas will drive this company's growth. The immigration policy will enhance not stop immigration both legal and illegal and that is probably not a bad thing. We need to adjust the service cost per immigrant so that it is fair and that costs do not spiral out of control even further. The scramble to develop good platforms of communication to our Hispanic residents can be improved and the majors will want to be in a better place to influence and profit from this segment. I am a retired TV/Media broadcast senior executive and I know the needs and how they will be fulfilled. This is not a long term strategy but a near term strategy. You will all note the growth of foreign speaking cable broadcast on cable today. This is the beginning the top of the third in baseball parlance. Get on board soon for the best value plays. this is still being sorted out but believe me it is being sorted out by major broadcast companies as I write this. IP protocol is becoming a bigger factor for the future as well and no one in the big houses have done enough work to get ready for either of these events but everyone has started a strategic process that addresses these issues. I like this company a lot. I am not particularly worried about short term eps. I am back in today with a 90 day target of $9.
Thanks for your input ! I'am no expert like you, but common sense tells me this is the business sector to be in.
Your comments make me more confident to at least hold on and give it some more time! Good Luck!
Joe, I forecast eps for the year at $0.25 for this year and over 0.52 next year. A lot of mid term election advertising dollars will be targeted toward Hispanic voters by both parties,Free cash flow will also grow fast.