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Beasley Delisting notice from NASDAQ

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PTBoardOp93

radioinsight.com

Beasley Receives New Nasdaq Delisting Warning

For the second time in under three years, Beasley Media Group has received written notice from the Nasdaq Stock Market
radioinsight.com radioinsight.com

This one is due to negative shareholder's equity. Which is basically a way to say that Beasley Broadcast Group has asset value less than its debts and other liabilities, and so every share of stock has negative value.

If you work for Beasley, get your resume ready, it is going to be a rough year.
 
PTBoardOp93 said:
If you work for Beasley, get your resume ready, it is going to be a rough year.
Click to expand...

They've already been chopping people for the last two-three years. Anyone who works there knows the situation.

The debt was caused when they bought Greater Media ten years ago for $240 million. They can't pay it back. They already have a deal to turn over 95% of the company to the debt holders. Delisting is a good thing. Radio companies shouldn't be in the stock market. There's no upside for them there.
 
TheBigA said:
They've already been chopping people for the last two-three years. Anyone who works there knows the situation.

The debt was caused when they bought Greater Media ten years ago for $240 million. They can't pay it back. They already have a deal to turn over 95% of the company to the debt holders. Delisting is a good thing. Radio companies shouldn't be in the stock market. There's no upside for them there.
Click to expand...
Delisting is not a good thing. Shares become harder to sell for those who currently own them.

We'll see if a reverse split is enacted. Probably won't happen since this latest delisting notice is due to insufficient market capitalization. A reverse split cannot fix that.

Do I agree with you that broadcast radio is a terrible long-term investment if we're talking a corporate-sized entity? Absolutely. There may be owner / operator situations on a much smaller scale that make financial sense, though.
 


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