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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (61876)	4/10/2019 7:07:15 AM
From: Spekulatius	Respond to of 78714

Re ETM - thanks for bringing this up. It looks like an equity stub, since ~2/3 of the EV is debt. free cash flow yield is high ($151M/138M shares is $1.1/share). Thats and almost 18% FCF yield. If they can keep the business stable and pay down the debt, this would be quite profitable. Personally, I don’t watch radio any more. Podcasts and Amazon music have replaced it. However, other people still do and the elections will provide a short term boost.

To: Paul Senior who wrote (61876)	7/19/2019 11:46:53 AM
From: Paul Senior	Respond to of 78714

ETM. Chairman Emeritus and founder has kept buying ETM shares, and I am still buying also (some this morning) as stock falls. When Barron's contacted him earlier this month about his buys, he wrote: “I am buying the stock because it is deeply undervalued and does not reflect the company’s strong and growing free cash flow and earnings before interest, taxes, depreciation, and amortization, its 6% dividend yield or its strong competitive position and growth opportunities within the audio/radio industry.”“Radio today is the #1 reach medium in the U.S.,” Field continued. “Entercom is well positioned for the future as one of the two largest radio companies with a national footprint in the audio/radio industry, covering roughly 90% of the population in the top 25 markets with a world-class portfolio of local stations and on-air personalities and a terrific leadership team that is focused on capitalizing on emerging opportunities.”