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Emmis Communications Corp. Message Board

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  • longtimefollower longtimefollower Nov 27, 2010 12:09 AM Flag

    3995 shares for .56 average for 2.237.20

    Well, one reason to "believe" in it is because all of the CEO's "connections" out there. Granted, banks are tighter than they were, but with continued growth expected for radio revenues, I don't see why he won't be able to find someone to keep the financing going, even if the rates should go up. Which probably makes the common worth considerably more than 60 cents, 6-18 months from now...even if it's "only" $1.00-1.50...that's a pretty solid return from here. And a bounce to even 80-85 cents could come in January, imho, which would be a 35-40% return from here, and dramatically higher on an annualized basis. I could be wrong, considering the leverage risk, but now definitely seems to be a time to be buying to me...taking advantage of tax loss selling, Alden getting out....and any remaining arbs getting out. Buy low sell high. Be a contrarian.

4.10-0.04(-0.88%)Aug 29 4:00 PMEDT