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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: CYC who wrote (65706)	8/3/1999 3:27:00 PM
From: Knighty Tin	Respond to of 132070

CYC, I have put Clear Channel several times in the past with mixed results. I may be ahead 30 cents or so. I have yet to hit a home run with it. That caveat being said, I like it as a put stock. This is radio, for crying out loud. It is 1930s technology. I don't see how one co. shoving canned programming into lots of different markets will achieve greater profit growth, over the long haul, than old time radio stations. Yes, there are retardos who listen to Rush or Stern or Dr. Laura, but the brighter folks have CD changers in their cars and don't listen to idiots selling crapola. So, I think CCU is overpriced relative to its long term growth potential.