They SAID they're going to pay a dividend and buy back stock...
...once the leverage multiple gets down to 2.5x. They said they think the common stock is a good buy. I think they'll be at 2.5x within a few quarters.
With this, improved revenues, and the hoopla of NextRadio, i can easily see the stock at $4-5, later this calendar year. Of course, Hungary and the pfd issues are the big wildcards....so caveats are in order there.
I can see next radio being huge for EMMS. There will be a lot of demand as people want the free alternative. I have had 100% of my account invested in EMMS for over a year now with my average cost being around 1.85 per share. I still feel there is much more upside to and I can't wait for next radio to get into more phones because I really want that on my phone! I don't have a data package on my phone. I just pay $25 a month to simple mobile for unlimited talk and messaging. Wouldn't it be nice if I can get a phone with those same options plus next radio? I'm hoping for that soon.