September 27th 07, 02:19 PM
posted to rec.radio.shortwave
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external usenet poster
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First recorded activity by RadioBanter: Jun 2007
Posts: 1,817
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Clear Channel was a Dog, Eduardo
"dxAce" wrote in message
...
Steve wrote:
On Sep 26, 10:12 am, "David Eduardo" wrote:
"IBOCcrock" 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!
Yeah, it is a great deal. Loads of cash flow, low debt to equity ratio,
great asset values.
It's not Crock's fault that you didn't graduate from high school.
He's 'claimed' in the past to have enough 'college' credits for two
degrees.
Not true, of course.
Ol' Edweenie is a hoot, and much more fun than even Michael Bryant was.
Whatever.
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