This company looks like a good long term play
Revenues have been growing each QRD. They have a very strong balance
sheet. $58,000,000 in cash $139,000,000 in shareholders equity and
almost no long term dept. Gross margins are 44%, but expenses are do
high. They are looking for new mangment or maybe merge with a bigger
company. They have been earning money in the last two years buying and
selling TV stations. They have another 2 TV staions they are worth about
$40,000,000 each. they spend over $10,000,000 buying back stock.
To me this looks like a winner, it may not move tomorrow, but with such
a strong balance sheet some thing will happen soon. If you have more
info. plase post |
