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Emmis Communications Corp. Message Board

longtimefollower 65 posts  |  Last Activity: Jul 16, 2014 4:17 PM Member since: May 12, 2000
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  • longtimefollower by longtimefollower Apr 30, 2014 12:46 AM Flag

    Resistance is futile. (Lol)

  • Reply to

    Conference call hero.

    by tresfind Apr 26, 2014 1:37 AM
    longtimefollower longtimefollower Apr 28, 2014 5:46 PM Flag

    The entire audio is on the company's website. A credit to the CEO's sense of fair play and accountability.

  • longtimefollower longtimefollower Apr 28, 2014 3:03 AM Flag

    It's one thing to have a spotty and unacceptable long term record. It's another to "fall off the wagon" constantly, and fabricate execuses, as our CEO habitually does. I have TOLD him before not to do that, as it destroys his credibility on the Street, but it seems like he can't help himself.

    The fact of the matter is, Cobra has been a wonderful sinecure for Jim Bazet, and a do nothing board could care less about the outside shareholders, or long teem value creation. (Why is the same guy still running the company after all these years, and why do they TOLERATE the kind of asinine, folderolic, sophmoric explanations that Jim gives in these conference calls. ) I have no personal animus towards him, but i take great offense when i am being MANIPULATED, by an excuse making machine....especially when those excuses are intended to pull the wool over the Street's eyes. Jim needs to acknowledge that his overall record has been one of RANK failure. Lawsuits with huge financial hits....buying PPL at the top of the market with little to show for it, the promise (and then failure) of the hugely overblown Aura database, a disasterous foray into mass market GPS several years, a costly failed purchase of Lowrance, and, HIGHLY spotty product life cycles that make financial results YOYO up and down, and a boneheaded cash surrender value of executive insurance plans......all of these serve to DESTROY the willingness of regular investors to buy this stock. It's just saps like me, who believe the value will ONE DAY be unlocked, that stay stuck in this VALUE TRAP, while the board just blithely twiddles its thumbs, giving its primary loyalty to Jim Bazet, and waiting for HIM to say when he's ready to retire, at which point, i guess maybe we'll go out in style, and sell the company for $5+.....when we could have done that a decade ago! No thanks to Mr. Bazet and his friendly neighborhood board (sitters).

    I withheld both nominees for the board, in this proxy, btw.

    Sentiment: Hold

  • Reply to

    Conference call hero.

    by tresfind Apr 26, 2014 1:37 AM
    longtimefollower longtimefollower Apr 28, 2014 2:47 AM Flag

    It's very important, when a CEO has been in charge for as long as this one has, with the record of significantly subpar long term returns, that he is willing to be accountable for his failures, and not make up nonsensical excuses or "snow" the investment community. As a 2.5% owner of this company, let us hope that i will not be "frozen out" of the next conference call, and that the entire call will be made available. (I see no transcript yet, and wonder if it is available on the company's website.)

    Mr. Bazet's excuse making machine is unseemly, unbecoming, and inappropriate of a true leader.

    I have found that part of the problem with Cobra is that the board has no independence from Mr. Bazet. In this sense, the company's governance is fundamentally dysfunctional, and there is little or no accountability for Mr. Bazet.

  • longtimefollower by longtimefollower Apr 24, 2014 12:24 PM Flag

    I think the negative reaction to yesterday's release was irrational. The earnings beat was much more significant than the revenue shortfall.

    I would be very surprised if we do not see one or more insiders come in here and buy in the open market.

    The proper trading price for this stock, imho, is $6.00-6.50.....not $4.30.

    Sentiment: Strong Buy

2.65-0.02(-0.75%)Jul 22 4:00 PMEDT

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