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kyscott
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DavidEduardo said:Clear is throwing off tons of cash... the expressed reason for going private was that they are making lots of money, but the market was undervaluing them.kyscott said:2.2 billion EBITDA is great, but what's their expenses? If they were doing all that great, they would not be cutting personal and talent the way they are.
If they were throwing off tons of cash, their stock would not be at around $30. And if they are throwing off tons of cash and the stock is $30, you'd see a lot more volume trading than what you are seeing because the stock would be a deal. And if they were flush with cash, the stock was $30 a share and the volume was through the roof, they would not be laying off people and cutting budgets they way they are because they would have the money to pay for things like new transmitters and studio gear.