Salem Communications (SALM) Message Board

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Technology Stocks : Salem Communications (SALM)

SALM 0.400

-9.1%

Dec 30 3:39 PM EST

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To: Elmer who wrote (1)	6/26/2003 8:27:34 AM
From: Elmer	Read Replies (1) of 7

The stock has been weak in the last couple of weeks dropping from $26 to $21 last night. I don't think a lot of people what to hold it given that we are in confessional season and they missed earnings estimates two quarters ago driving to price down to $15/share. The company has adopted a policy of affirming guidance periodically during the quarter the last being on June 2nd. If they miss this quarter, I would think it comes sooner than later as they appear to have been chasten by the last blow up. They reaffirmed guidance last quarter on April 7th which was the Monday after the quarter closed. I would expect them to do it again on July 7th unless the news is bad which would prompt an earlier announcement.

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