The companies stock is trading after hours for $.02 per share up from $.01 per share. Now that's one HOT stock. How low can it go? CBS Radio is trading for $3.43 I would think now is a good time to jump on CBS Stock. Yes? Entercom is trading for $.89 General Electric is trading for $6.66 a sign of things to come perhaps? So what's to become of Citadel?
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Citadel and other radio stocks?
- Thread starter RadioStarOne
- Start date
Maybe they'll be giving their stations back to Disney soon.
radioman148 said:Maybe they'll be giving their stations back to Disney soon.
I can just hear Goofy now: "Yaaaaaaa-hoo-hoo-hoo-hooey!"
;D
--jay
P.S. - per Yahoo Finance @ 3:50 pm PST:
CITADEL BROADCASTING (NYSE: CDL)
After Hours: 0.0230 0.0130 (130.00%) 6:08PM ET
Last Trade: 0.01
Trade Time: 4:01pm ET
Change: 0.09 (90.00%)
Prev Close: 0.10
Open: 0.09
Maybe we can buy some of their stations on auction.
SFStatic said:KGO is probably worth more than the stock value of the whole company. If Disney doesn't take them back, what if some of the long time Cap/ABC execs (Mickey?) got together and buy some of the prime sticks?
Great idea--they could by KGO, WABC, WLS & whatever else is left for a song.
tripton99 said:WLS, WABC, and KABC combined don't have the attraction of KGO in a buyer's market.
Fine then will just buy KGO then--OK?
cm454:
That's not correct if you are trying to say a stockholder owning stock is responsible for a that company's debt. If the stock was worthless and the company still had a million dollars in debt and there were a million shares outstanding, the stockholder has no obligation to pay the debt even if he/she had 100% of the corp's shares. There is no personal debt obligation in corporate finance.
That's not correct if you are trying to say a stockholder owning stock is responsible for a that company's debt. If the stock was worthless and the company still had a million dollars in debt and there were a million shares outstanding, the stockholder has no obligation to pay the debt even if he/she had 100% of the corp's shares. There is no personal debt obligation in corporate finance.
SFStatic said:KGO is probably worth more than the stock value of the whole company. If Disney doesn't take them back, what if some of the long time Cap/ABC execs (Mickey?) got together and buy some of the prime sticks?
At 1 cent a share, Citadel has a market cap of $2 million. This makes the land KGO's transmitter sits on more valuable than Citadel as a company. This means that either someone is going to get very rich snapping up a bunch of shares, given that Citadel now has somewhat of a positive cash flow -- or it will mean that Citadel will be dismantled for its parts.
Does someone want to buy me KLOS for my birthday?
Oh, by the way, CBS stock, though down, is still not the sinkhole people thought it was going to be. I expect it to bounce back above 4 today.
DavidKaye said:SFStatic said:KGO is probably worth more than the stock value of the whole company. If Disney doesn't take them back, what if some of the long time Cap/ABC execs (Mickey?) got together and buy some of the prime sticks?
At 1 cent a share, Citadel has a market cap of $2 million. This makes the land KGO's transmitter sits on more valuable than Citadel as a company. This means that either someone is going to get very rich snapping up a bunch of shares, given that Citadel now has somewhat of a positive cash flow -- or it will mean that Citadel will be dismantled for its parts.
Does someone want to buy me KLOS for my birthday?
Oh, by the way, CBS stock, though down, is still not the sinkhole people thought it was going to be. I expect it to bounce back above 4 today.
I'll take KGO, WLS, WABC, & WJR. What's the offer?
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