My options in LAMR expire in July. It looks hopeless, though anything can happen.
For some reason, the stock moved up 5% today. I continue to think it's garbage, and can't believe that brokers recommend stocks just because they allegedly have high cash flow, ignoring all other ratios.
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Speaking of garbage, does anyone here follow any of the cable t.v. companies? Do these companies ever earn money? I would think that perhaps they have in the past, or there is speculation that they might someday; otherwise, I would think they wouldn't trade at high multiples. For example, ADLAC has ranged from 5 5/8 to 30 3/4 in the past year, closing today at 23 7/8. I'm showing earnings of -5.72. Yes, that's a minus sign in front. That's not very good, is it?
Their finances are probably even more confusing than Bally Fitness's, and we would need a genius like Pancho to decipher them. For example, ADLAC did an IPO of their CLEC subsidiary, HYPT, earlier this month, though they still retain a big chunk of it. |
