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![]() David Eduardo wrote: "IBOCcrock" wrote in message ... On Nov 21, 2:01 pm, "David Eduardo" wrote: "IBOCcrock" wrote in message ... That doesn't matter - TSL is down significantly and the old Clear Channel is failing and trying to go private - the whole radio industry is in serious trouble. Companies go private when the market undervalues them. In the case of Clear, it has strong cash flow, but has suffered from the market's "Viacom Effect" and is underpriced. Going private allows people with money to take advantage of the strong profitability of the company and an amazing set of assets. Going private, along with mergers, is a retreat strategy - CC stock used to be $90, it is no 1/3 of that. It's over... Mergers are what companies do to grow with no loans. Mergers = growth. In the case of Sirius and XM, merger is being used to survive, and then to grow. Clear stock never hit $90, the sale price is $39 and the value of the Live Nation share distribution is $5 a share. In other words, Clear is down no more than the NASDAQ composite over the same period of time. Yahoo, for example, is off 75% in the same period... making Clear look like an absolute winner in non NYSE / non industrial issues. And you're a winner too, Edweenie! You're the biggest fake in rec.radio.shortwave history. Even bigger than Michael Bryant! |
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