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Entercom Communications Corp. Message Board

  • longtimefollower longtimefollower Nov 21, 2008 11:35 AM Flag

    CONTINUOUS insider buying.


    Day in and day out. Was averaging about 20,000 shares a day. Now they've stepped it up, in the most recent report, to 45,000 shares. Considering we're down to about 175,000 shares a day in average volume, the last cuople days, this buying is going to start to become MATERIAL to the direction of the share price. If the Fields want to buy even a few million $ worth of stock, that's like 10% of the float, at the current price. If the market were not in a tailspin, this stock would have BOUNCED to $1.25-1.50, by now, on the news of the company buy back getting going again, and the insider buying. I still say we are going to make a TON of money on this stock....even if the 4th quarter is gruesome, in terms of revenue declines. The insider buying shows that the Fields think the cash flow is going to STAY UP ENOUGH, to cover all debt service payments. Strong buy on that basis!!

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13.90-0.10(-0.71%)Oct 21 4:02 PMEDT