I took small position a while back in my IRA when it was announced that founder died, thought someone might want to take this private but so far that does not look like it’s happening
If it gets closer to net net i would consider swing at it in my main portfolio
I don't love the stock yet, but I feel like all these small radio/TV stations are going to get bought out and a year from now I'll kick myself for not buying haha
I owned this for a couple years and it did not perform well. You really have to bet on some sort of turnaround in earnings power (why will earnings improve? radio is secularly challenged) since you can't easily force an asset sale (the 13D filing was some of my initial thesis) and given the uneconomic return on assets you can't sell them for near book value. I'd steer clear.
I still need to research it more. Urban One has had a lot of write downs of their radio licenses, so thats the risk here where asset values start getting chipped away. But I feel like all these small radio/TV stations are going to get bought out and I'll be kicking myself a year from now
I took small position a while back in my IRA when it was announced that founder died, thought someone might want to take this private but so far that does not look like it’s happening
If it gets closer to net net i would consider swing at it in my main portfolio
I don't love the stock yet, but I feel like all these small radio/TV stations are going to get bought out and a year from now I'll kick myself for not buying haha
yeah stock chart looks like a falling knife. only bet would be a take out / take private.
I owned this for a couple years and it did not perform well. You really have to bet on some sort of turnaround in earnings power (why will earnings improve? radio is secularly challenged) since you can't easily force an asset sale (the 13D filing was some of my initial thesis) and given the uneconomic return on assets you can't sell them for near book value. I'd steer clear.
I still need to research it more. Urban One has had a lot of write downs of their radio licenses, so thats the risk here where asset values start getting chipped away. But I feel like all these small radio/TV stations are going to get bought out and I'll be kicking myself a year from now