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Westwood One, Inc. Message Board

greenwichadvisor 1 post  |  Last Activity: Jul 15, 2015 4:19 PM Member since: Feb 25, 2008
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    Anyone around?

    by jake9810141 Jul 15, 2015 12:52 PM
    greenwichadvisor greenwichadvisor Jul 15, 2015 4:19 PM Flag

    I still follow MCHX. I think today's announcement is the biggest positive I have seen in a long time. A JV with the largest ad company in the world has got to be positive. It also funds their international expansion in a very efficient way. The company has over $100 million of cash and is growing quickly (ex Allstate). The funny thing about losing Allstate was that the last quarter revenue dropped and profits were up! In other words, they were losing money on the business. Why they undertook it is beyond me. So margins are improved. What exactly will happen to YP remains to be seen. But the business is morphing into a software business so margins should really expand as they shed the old lower margin businesses. A ton of cash, growing revenues and expanding margins. Sounds pretty good. The analysts are going to be conservative since they have gotten burned before. Stephens today attributed ZERO value to the new relationship with WPP and restated a $5 price target. I guess you can't blame them. I think Pete is doing a good job as the new CEO. The whole tone of the company and management seems to have changed even though it is all internal promotions. Time will tell but I think they are focused on executing which is a nice change.