seems like the same thing EmmS is trying to do.
it would be nice if a bigger company acquired EMMS and Smulyan got relieved of his CEO position. I don't understand why the CEO and CFO get paid so much salary. Last year, CEO got 2.3 MIL and CFO got 3.3 MIL. Seems pretty large considering net income from operations was only 45 MIL. I think by owning this stock, we are betting on future growth for the company. Can they double their net income is the question and they need accelerating revenue growth to do that and currently, revenue growth in this industry is not very strong. The key question is, will next radio be able to help accelerate growth for the industry.
the IWC index has been such a good performer all throughout last couple years. It looks like it peaked in March, right when the insiders sold a lot of stock. during last conference call, the radio local market revenue was down for the industry so maybe that signals weakness. If GDP grows, that would signal the economy is getting stronger and i would expect revenue to increase. I agree that GDP is likely to improve in next couple quarters. I am going to listen to the Cumulus Media conference call which is on Aug 6th. I want to see how they perceive the radio broadcasting industry and want to see if they mention anything about growth due to the next radio initiative. I have a feeling they will be very bullish on the industry.
I did see that there was an enterprise value investment portfolio that sold EMMS on 7/15. They had a 1.2% portfolio allocation and sold it so they owned nothing. If you click the market pulse link underneath the message board link on yahoo finance, you'll see that.
i figure the risk to the downside out ways the potential gains to the upside. I think the chance of a surge higher here is not good. It seems like it is more probable that the stock goes lower.
if the FM chip in smart phones is activated, more people could listen radio and maybe that could help generate growth for radio broadcasters? Any thoughts?
i think it is valuable to the consumer, or at least i personally find it valuable but i'm not really sure on how much revenue growth it can deliver. Is it going to be in every cell phone and if so, how can you get revenue growth out of that?
The CEO owns a big % of the company so he has some incentive to deliver to the shareholders. I do know that he got paid a very large salary last year, so that could be another reason the CEO is disliked so much. Putting all that aside, I think the company is generating good cash flow which makes the stock look cheap based on the current price. It would be nice to know if other radio broadcasting companies are talking about next radio because if it is going to be successful, all the broadcasters will be benefiting. Anyone ever hear
another company mention it? I had always thought EMMS would benefit the most from it because they cleaned up their balance sheet and got rid of a lot of debt that was owed. With good future cash flows i would think they could pay down more debt and then possible pay a dividend or buy back stock all of which would increase shareholder value in the future. I believe you have to look at the industry as a whole and if you think radio broadcasting industry is an attractive investment, EMMS should be in a good position to capitalize on that. Historically, the industry has been out of favor with investors so you can't really blame the poor stock activity all on the greedy CEO.
there was a rotation out of small cap stocks and into more safer stocks like dividend paying stocks and large cap stocks. i thought that was a sign that a stock market correction could be coming as we've been in this current bull market for a couple years now without a 10% correction occurring. However, i think recently, the small caps have bounced back up, which i think is a sign of strength for the stock market. I've been listening to an investment guy on the radio every SAT at noon who has some good analysis on the stock market. The radio show is called empowered investing. You may find it interesting.
I thought that was all normal but i see your point. It would be more authentic if it were live. Maybe the stock would go higher if that would happen as it would be more shareholder friendly.
yahoo finance had the date of 6/26-6/27. i was wondering why there was no announcement. maybe that was just an estimate that yahoo finance had. Last year, they reported earnings on 6/27. Maybe that's why yahoo estimated the earnings release on that day this year.
go to google and search for guru focus updates emmis communications. let me know what you think.
The analyst highlighted their recent purchase of 2 NY radio stations as being a driver of increased cash flow along with their new loan covenant that makes it clear that Emms will use extra cash to pay down debt, thus interest cost should be lower and earnings should be higher. i'm looking forward to next weeks earnings.
hey longtime, do you still own a big chunk of EMMS? Haven't seen you on their message board in a while.