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.
i remember in conference call in prior qtr the company may buy back stock or pay a dividend. I'm thinking maybe the company will announce a share buyback. i'm not sure about the insider buying, but i don't think we should see anymore insider selling at these levels. I'm thinking there will be more demand for the stock when we get closer to next quarters earnings.
you could be right. I'm a little surprised he hasn't commented on the stock in a while now. I don't remember how many shares he owned or how much % of the company he owned, but i know it was a lot. maybe he sold all shares which is why he's not commenting.
Longtimerfollower- if you are out there, why do you think EMMS has been so weak in the short term? Is it the insider selling?
Sentiment: Strong Buy
its a thinly traded stock with a low market cap. There are only 3.8 MIL shares in total that the company has
issued and are available for trading. Any time the supply /demand relationship in one of these stocks gets out of balance, you see big price swings. If the stock gets close to the 7.50 range, my point and figure chart i use will trigger a sell signal. I wouldn't feel comfortable buying this until you get some support and the stock starts to move higher. You don't want to catch a falling knife and you are taking a lot of risk if you buy today, in my opinion. The question i have is why didn't the company put the severance plan in place last year when the stock was trading close to 4 dollars? Did they just suddenly realize that others may notice that net book value is a lot higher and maybe someone would try to acquire a controlling interest? I think the stock treads lower into next quarters earnings