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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (225241)3/4/2003 12:14:33 PM
From: Perspective  Read Replies (1) of 436258
 
Reap, you follow EMMS at all? I see they have debt of 1.2B on no equity and a market cap of 0.9B. They seem to be roughly cash flow neutral lately and (in contrast to CCU and ETM) aren't buying back stock as a result. They operate here in Portland, which is a pretty weak market.

I'm still thinking these media roll-ups will be major casualties of the bubble as the debts incurred eat them alive.

BC
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