"Robert Cohen" wrote in message
...
On Mar 20, 9:33 pm, "Scooter" wrote:
Terrestrial radio's biggest problem is retaining advertising revenues as
more ad dollars are siphoned by the internet. In 2007 total ad dollars
for
radio fell to where they were in 2003. That point to an industry going
backwards, not forward, Cramer said.
The average market cap of terrestrial radio companies has declined by a
staggering 80% over the last five years. But the bottom isn't even in
yet,
as far as Cramer can tell
Either way, the bottom line remains the same. Cramer expects the
terrestrial
radio companies to go down harder than almost anything else and he would
not
own any of them under any condition right now.

Here's the video - http://www.cnbc.com/id/23558686/from/ET/

That's what the stock market seems to be intimating: Some of the
notable chains are going for under $5 a share.

Share price does not indicate value. A share of one company that goes for
$80 is no better a buy than one that sells for $5 if the earnings per share
and other fundamentals are in proportion to the stock price. Many companies
do stock splits when shares go up in price, in fact.