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Cumulus Media Inc. (CMLS) Message Board

smaycs4 245 posts  |  Last Activity: 10 hours ago Member since: Oct 14, 2011
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  • Just under 550,000 shares out of 44+ million shares out.

    So IF they sell more, its not going to mean much.

    Becker is still chairman despite some wording in the standstill agreement that suggested the board can oust both Becker & Willis at the time they went under 4% which they did not do.

    Messrs. Becker and Willis have irrevocably tendered their resignations as director effective as of the date that (a) the beneficial ownership of the Becker Drapkin Stockholder Group in the Company's common stock falls below 4% of the outstanding shares of Company common stock or (b) the Becker Drapkin Stockholder Group breaches certain of its obligations set forth in the Standstill Agreement

    (subject to a five-day cure period), and, in each case, the Board may accept either or both such resignations, in its sole discretion, by a majority vote (excluding Messrs. Becker and Willis).
    I have no idea if he plans to stay on the board for years to come or sell out & step down but I am 100% sure he still has to file form 4s and will be for at least 6 months after stepping down from the board. So we will know within a few days of when he sells.

  • 05/15/2014 P 10,000 A $ 14.08 = 29,438

    Terry Burman, age 67, has served as a director of Tuesday Morning since February 2013. Mr. Burman was the Chief Executive Officer of Signet Jewelers Limited (Signet), a specialty jewelry retailer, until January 2011. Mr. Burman joined Signet in 1995 as the Chairman and CEO of Sterling Jewelers, Inc., a U.S. division of Signet. Before joining Signet, Mr. Burman held various senior executive positions of increasing responsibility with Barry's Jewelers, Inc. from 1980 to 1995, including President and Chief Executive Officer from 1993 to 1995. Prior to that, Mr. Burman was a partner with Roberts Department Stores, a regional department store chain specializing in apparel. Mr. Burman also served on the Board of Directors of Signet until January 2011. Mr. Burman has served on the board of directors of YCC Holdings LLC, a retailer of candles, fragrances and other products, since October 2007 and has been the Chairman of the Board and a director of Zale Corporation, a jewelry retailer, since May 2013.

  • 05/15/2014 P 3,000 A $ 14 99,941 I By Rouleau Family Revocable Living Trust
    05/16/2014 P 3,000 A $ 13.75 102,941 I By Rouleau Family Revocable Living Trust

  • Reply to

    How long before cashout

    by dave59isok May 16, 2014 7:25 AM
    smaycs4 smaycs4 May 18, 2014 4:44 PM Flag

    That's the million dollar question.

    I think we have potential of $17-18 within 18 months. But almost no downside.

  • Reply to

    The Grand Spam Scam Swindle

    by stocks_boy May 13, 2014 3:31 PM
    smaycs4 smaycs4 May 17, 2014 10:02 AM Flag

    Why continue to respond to them ?

    They don't interact with anyone.

  • Reply to

    Future Very Clear - ZLC Price Exactly $21

    by casslakeone Apr 29, 2014 10:39 AM
    smaycs4 smaycs4 May 16, 2014 3:56 PM Flag

    We are going to get $23-24 anyway. TIG brought up good points.

    Signets market value tanks without the deal. ZLCs projections alone gets the stock to $25.

  • Sure cuts down on the clutter.

    I don't know if BH is going much lower but if it does, Im going to buy more.

  • Reply to

    Future Very Clear - ZLC Price Exactly $21

    by casslakeone Apr 29, 2014 10:39 AM
    smaycs4 smaycs4 May 15, 2014 12:58 PM Flag

    Price is $21.76 now. Clearly the market thinks Signet will pay more.

  • Reply to

    4% drop on heavy volume?

    by brijul96 May 7, 2014 4:47 PM
    smaycs4 smaycs4 May 13, 2014 1:01 PM Flag

    If the deal goes away, the stock goes lower. The PSEC was the best deal in several long "strategic alternatives".

    The extra dividend, wouldn't make up for the lost deal.

  • Might not be worth $16 if & when we get it.

    How much are the breakup fees if its not NICKs fault ?

  • Reply to

    PR on earnings

    by pa1702 May 10, 2014 4:30 AM
    smaycs4 smaycs4 May 13, 2014 12:36 AM Flag

    I missed the news Friday night.

    You'd think even Klingle would say a few words with revenue down so far & the other stuff going on.

    I am lucky to have sold some at $5.85 and $5.49. I also sold some at $3.99.

    In all I didn't sell nearly enough but I did sell 29% of my position at $4.865 avg.

    I guess the $3 range might make me nibble again if it were to go there. (I hope not for the sake of my 71% remaining position)

    My remaining lots as per fidelity....
    Most at $1.02, some at $1.28, some at $1.77 and a little at $2.58.
    Those buys were back in late 2008 when it was like shooting fish in a barrel.

    Any number of stocks did many times better.

    A 2 year chart shows AWX lost about 20% while the S&P 500 and Dow are up about 40%.

    The long term chart shows AWX has lost about 30% since roughly 1998 while the averages appear to be up
    70-90-125% as per yahoo charts.

    The fact that any of us made any money owning the stock is just random luck.

    The bottom line is Mgmt is a huge long term failure. The board of directors are a bunch of incompetent lackies.

    And there is no indication its EVER going to change.

  • Reply to

    Anyone else still here ?

    by smaycs4 Apr 17, 2014 10:32 PM
    smaycs4 smaycs4 May 11, 2014 11:16 PM Flag

    I believe we can buy or sell as we choose. We just cant get stock certificates. Most of us never get them anyway.

  • Reply to

    Book value just $3.18

    by smaycs4 May 9, 2014 2:15 AM
    smaycs4 smaycs4 May 11, 2014 11:09 PM Flag

    A correction might be a good thing so I can redeploy some of my cash that is sitting there doing nothing.

    Trouble is, its hard to buy when there is blood in the streets. I did in 08 and 09 and most of those did very, very well. In hindsight, I should have invested a lot more than I did.

  • Reply to

    This company is not good for the world

    by timetime222 May 10, 2014 12:55 AM
    smaycs4 smaycs4 May 10, 2014 9:51 PM Flag

    Google Facts :
    In 2009 the for-profit University of Phoenix earned nearly $3.8 billion in revenue. 86% of it came from the U.S. Department of Education.

  • If I wouldn't have paid $8.06 for more recently, I would pay up at current prices.

    This stock not seeing $10-11 in the next year seems nearly impossible.

  • smaycs4 smaycs4 May 9, 2014 11:30 PM Flag

    Isnt it a scam business ? Can they dividend out cash with the feds on them ?

    I never was comfortable with the entire concept of creating schools so they can bilk the government out of money.

  • Reply to

    7 million shares shorted

    by mike.ng2002 May 9, 2014 3:51 PM
    smaycs4 smaycs4 May 9, 2014 8:40 PM Flag

    I have no problem with shorts. I think they are healthy for the market.

    They expose scams like HLF. Hopefully the FTC will realize that Ackman did their work for them and handed it to them on a silver platter and shut that company down. (Or shut down the business opportunity part anyway) Their "products" are commodity-like and nothing special whatsoever.

    And they can actually be positive for longs if & when they are proven wrong because they have to cover.

    (I have no short positions)

    I think LTF went too far in trying to talk down TUES but I generally ignore noise about shorts.

  • Reply to

    Thing sound good

    by smaycs4 May 9, 2014 12:46 AM
    smaycs4 smaycs4 May 9, 2014 7:57 PM Flag

    His argument that TUES had went up too much for the results shown was rational.
    Now, however, it appears the turnaround is well underway and its reasonable to expect 10%+ comps in the next few quarters at least.

    As Ive been saying the proof will be in their results for the next Christmas quarter and from all indications they are going to show massive improvements in both sales & earnings.

    My argument all along was the market expected good results and that's why the stock was up.

    My remaining position is small so a move to the low $20s isn't going to mean a lot but its nice to see them fix the chain that Mason nearly ruined.

    I thought Mason was getting great deals by buying in bigger quantities but clearly she wasn't getting big enough discounts to justify cluttering up the stores with years old merchandise.

  • Reply to

    Book value just $3.18

    by smaycs4 May 9, 2014 2:15 AM
    smaycs4 smaycs4 May 9, 2014 7:44 PM Flag

    I use book value as a basis for some kind of downside protection.

    Its not perfect of course. Im sure BD did their homework here or they wouldn't have bought 12%.

    Will be interesting to see if they buy more now that the price is down.

    If they do start selling then I probably will too.

    They did reverse course and sell out of RT at a loss or break-even.

  • Reply to

    Becker Drapkins avg cost= $4.61 11.946%

    by smaycs4 May 9, 2014 2:06 AM
    smaycs4 smaycs4 May 9, 2014 7:40 PM Flag

    None yet.

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