Hi John,
Nobody seems to be stating the obvious about Jordan: he's taken billions and billions of dollars in capital, played a shell game worthy of any carny and can show only 1 cent earnings!
How many arbitrageurs, bankers, execs, lawyers, and buddies have become multi-multi millionares due to these machinations (this is a personal opinion not based on any know facts- just seems like common sense to me)? What do the shareholders get? One stinkin' cent.
Anybody notice we went from 300+ million shares to 700+ million outstanding?
Cashflow mashflow. This company has consistently and miserably failed to bring home the bacon. This shill game of constantly changing assets and NEVER bringing home a single year of decent earnings is pathetic.
As a long long time lurker and shareholder, I have to agree with you: Jordan must go.
I enjoy the comments from all the people on this thread, but ad revenues could dive (as in recession) and we could be holding this turkey for a couple of Thanksgivings.
Instead of moving a bunch of peanuts around the table for another decade, its time management brought home the bacon. We just bought CBS and Mel's stations and now we have to spend countless millions more f'ing around with them. This is disgusting. Its an out and out admission of failure. Now you see it, the company, now you don't. What you really don't see are honest to goodness earnings. This management needs to be tossed out. Excuses, excuses, excuses. Spend, spend, spend, but no earnings. Jordan must go.
Thanks for your comments,
Lawrence Petkus
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