....lower station and interest expenses, coupled with a little market share gain driving net income. Plus, as detailed by LTF in a prior post, the net asset valuation of EMMS is way higher than the share price.
I actually thought last quarter was decent, and that investors could look beyond some of the one time and/or seasonal numbers and see the light at the end of the tunnel. I was wrong...the reaction was sloppily negative for some reason. Now those positive operational numbers are pretty straighforward for all to see (although their 'hidden' net assets still takes some effort to understand).
So I bought bunches of EMMS in the mid-ones thinging that just by their EMMS' assets and the strong move of the radio sector....this should make a nice trade into the low/mid two's.
Now I'm thinking even higher....I mean we do have EMMS' strongest two seasonal quarter ahead of us.
But heck, I was surprised with last quarters move after earnings, who knows, that scenario could alway happen again. And I'd be buying.