-
Get involved.
We want your input!
Apply for Membership and join the conversations about everything related to broadcasting.
After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
If you use a disposable or false email address, your registration will be rejected.
After your membership is approved, please take a minute to tell us a little bit about yourself.
https://www.radiodiscussions.com/forums/introduce-yourself.1088/
Thanks in advance and have fun!
RadioDiscussions Administrators
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Cumulus stock
- Thread starter rjt45
- Start date
$1.45.
Where were you a week ago when it was $1.71? The whole market is down today.
This stock is going to hover around this point a lot until it does something that inspires investors, like makes a big deal.
Well, at least now we know what Big A stands for! Are you John or Lew Dickey?
They are TheBigD.
You folks are obviously more finance savvy than me, but what happened to the equity owners when Citadel went belly up?
Some, like Forstmann-Little and the Disney investors, walked away with nothing. Most of the creditors simply took the money they were owed in Cumulus stock. Roughly 2/3 of the Citadel deal was paid in Cumulus stock. Cumulus has always preferred to do its deals in stock. The result is a more manageable debt load while the risk is that the shareholders could (and now do) have control of your company. I understand they recently extended Dickey's contract, but I have to think they'd drop him in a heartbeat if Mel Karmazin wanted to get back into radio.
Some, like Forstmann-Little and the Disney investors, walked away with nothing.
By the time Citadel went belly up, Forstmann had made back more than its investment in the IPO in 2002, and subsequent stock sales that lowered their level of investment. So they were happy to take the tax loss on what was left to offset gains in other investments. This was a calculated move by Forstmann, who could have saved the company if they wanted to.
Semantics. The point is made. The stock offers little promise. http://news.****************/cgi-bin/rol.exe/headline_id=b14429 As to speculators, Cumulus doesn't appear to be very attractive. http://finance.yahoo.com/q?s=cmls&ql=1A better reference would be to ask, "which would you rather have... $10,000 in Cumulus or $10,000 in CBS?" Different investors will give different answers. The speculator will likely see much more upside on CMLS and little upside on CBS. The conservative investor will look at the dividend and underlying value and pick CBS.
Cumulus doesn't appear to be very attractive.
Name a radio stock that IS. The one bright spot is Townsquare, and it's because the company is investing in things other than radio.
- Status
- This thread has been closed due to inactivity. You can create a new thread to discuss this topic.