dxAce wrote:

David Frackelton Gleason, whilst posing as 'Eduardo', shipped out another load
when he wrote:

"gallant17" wrote in message
...

Actually, radio stocks are down at least 50%, and some are down 90%.
This goes to show that with iPods, cell phones, etc the long-term
outlook for radio is grim.

Stock price often has little to do with a business and more to do with
market trends and hot and cold sectors.

I'm going to retire enjoyable due to buying "value stocks" which are simply
companies throwing off lots of cash and paying dividends which are
undervalued by various metrics.

Didn't you say sometime back that you'd have to keep working due to the fact
that radio firms didn't have much of a pension plan? Something along the lines
of being 70 years old or so?


Radio wasn't very big on pension or thrift plans, as a rule, but they
do exist. And after the mid 80's, for executives with a specified time
in service, profit sharing, thrift and pension plans became more common
among very large firms. And they exist with different plans for
different levels of service, or rank within the company.

I had both a 401k and a company pension plan when I exited the
business, in addition to my portfoli, and my own financial plan for
retirement.

Generally, front line employees, like disk jockeys, and support staff
like banner hangers, don't last long enough to have much in the way of
vested interest in company assets and plans, so, for most, in radio,
there are no pensions.

Then, again, if you really do well in Radio, you don't need a company
pension...you've covered that on your own.

My own plan was far better than any company offerings in which I was
vested. I simply cashed out my company plans when I exited, because my
own plans were so much better.









"retire enjoyable" at 70 or so doesn't seem too enjoyable.

Or is this merely another shipment of your BS?