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Cumulus Media Inc. (CMLS) Message Board

  • longtimefollower longtimefollower Aug 1, 2010 8:04 PM Flag

    I'm still thinking near 70 cents in EPS this year.

    And that conservatively assumes applying a full 38% tax rate (even though the blended rate will actually be much has been the case year to date).

    Gotta think this thing is easily worth 6x, or $4.20 a share, and possibly 8-10x, $5.60-7.00 by the end of this year or early next year, as the Street increasingly starts to "bake in" continued revenue growth, higher pricing on ads, material debt paydowns, lower interest rates as they into lower "debt tiers," etc.

    I can pre-emtively TASTE the profits here! Will the coming "hot" political season create a buzz, and draw in buyers (back to the whole industry)??

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