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Strategies & Market Trends : Value Investing

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To: Rawnoc who wrote (35451)9/26/2009 5:07:08 PM
From: Spekulatius  Read Replies (1) of 78748
 
ROIAK is actually more expensive based in EBITDA/EV than SALM. ROAIK EV/EBITDA value of about 9x is not that great for a shrinking business - it implies a 11x yield pretax on th entire capitalization. Their revenues are down 16% (compared to 12% for SALM). What has helped them were huge cost cuts in overhead. On plus is that the TV One JV may be a hidden asset.

I think all Radio plays are basically a dying business and subsequently cigar buts. For the EV/EBITDA ratios of those cigar buts I can buy stocks in some healthy business.
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