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Emmis Communications Corp. Message Board

  • dalton880 dalton880 Sep 20, 2013 10:02 AM Flag

    rosen- why did EMMS present at all ?

    I don't get the need for it between earnings reports, unless you have some blockbuster news.

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    • peter_norths_proctologist peter_norths_proctologist Sep 20, 2013 3:17 PM Flag

      Perhaps it's their way of providing an earnings warning?

    • They did have things to say. They have cleaned their balance sheet to a large degree. They are growing, albeit slowly. They have a digital/internet venture that has some promise. In turnarounds it is common to see these smaller companies go on roadshows or participate in industry conferences to get the word out. Like everybody else I am too disappointed with the slower growth and surprised how the presentation was handled. A little stronger sense of victory and success with corresponding statements would have been better. But let's remember, not too long ago this company would not take questions during cc's. So they are not 100% shareholder's friendly. Only now they have starting to move into that direction.

      Two more things: as painful as this drop has been it wasn't on really high volume. Secondly, some here have amassed large positions and are now getting out at any cost. I will wait until the dust settles.

      To Peter North who was being accomodating to Walsh's sale/excercise of options. In light of the drop I continue to feel the timing of the transaction is suspect.

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