RC reported eight cents for their quarter today. The only estimate I can find was for fourteen. Revenue was way down, expenses were up. This just doesn't look good to me. I have a large position in the stock and feel very disappointed. Ironically, Grupo Televisa, which should be facing similar factors, broke out to a new high today. Comments?
It's all about advertising dollars, or pesos. Anything that makes Mexicans poorer, in this case the relatively low price of a barrel of crude oil, will have a negative impact on spending. If companies can't afford to purchase advertising on tv, radio or the newspaper, the companies suffer.
I don't think oil is affecting the radio co. I have rolled this stock the last few months between 12 1/2 and 14 1/2 and done OK..Made a few bucks and just bought back in just under 14. I think you are right about a new bottom forming. I think around 13 5/8 to 14. This stock is being manipulated somewhat as many stocks are so if you track it closely you can make money here . It just takes a little time.. Have a good day.
It looks like a buy on the chart - ready to rebound with the market. It trades in a jumpy pattern. When it moves, it can jump by over a dollar. We continue to hold our position. We have been following RC now for over 2 years.