"Billy Smith" wrote in message
...

OCcrock" wrote in message
ups.com...
On Sep 26, 6:40 am, IBOCcrock wrote:
"Clear Channel Interrupted"

"Back when Clear Channel stock was selling in the $90 range,
executives predicted it would be a $100 stock. That never happened. In
fact, the bottom eventually fell out. Under the deal approved
yesterday, Clear Channel shareholders were to get only $39.20 in cash
per share and current shareholders could get as much as 30% of the new
company."

http://insidemusicmedia.blogspot.com...nel-interrupte...

"The new owners will assume $8 billion in debt."

What a deal!


Sounds like a classic case of pump and dump. Talk up the stock way in
excess of it's actual value and then pull out the rug when the lies get
exposed. Nothing much different than the operations of Enron and most
others.

Actually, CCU ran up to just under $90 before the dot-com crash. As it was a
media stock, it came down as hard as the Silicon Valley issues.....
deserving or not.

Something like a third of the NASDAQ issues traded in 1999 are still below
half their pre-crash values.