CMLS

Cumulus Media Inc.

TMT


Presented:08/19/2014
Price:$4.68
Cap:$1.09B
Current Price:$1.29
Cap:$0.02B

Presented

Date08/19/2014
Price$4.68
Market Cap$1.09B
Ent Value$3.64B
P/E Ratio4.52x
Book Value$2.30
Div YieldN/A
Shares O/S232.04M
Ave Daily Vol1,610,000
Short Int5.36%

Current

Price$1.29
Market Cap$0.02B
Cumulus Media Inc. owns and operates commercial radio station clusters in the United States. It sells local, regional, and national advertising for broadcast on its radio stations. As of February 27, 2014, the company’s audio content was distributed through approximately 460 owned operated stations in 89 United States media markets; approximately 10,000 broadcast radio affiliates; and through various digital channels, including a national streaming/mobile platform and partnership with digital audio provider. Cumulus Media Inc. was founded in 1997 and is headquartered in Atlanta, Georgia.

Publicly traded companies mentioned herein: Cumulus Media Inc (CMLS)

Highlights

Shares of Cumulus Media (CMLS) have fallen ~38% year-to-date on weaker than expected results and local advertising trends, and the presenter likes the risk/ reward set up at current levels ($4.70). He is long the stock, and thinks further downside risk is limited. He noted that the bullish position requires a belief that terrestrial radio is at least a flat/ low single digit (%) growth business, and that the synergies from CMLS’s recent deal(s) and format changes will be positive.

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Idea Discussion

Commentor 1 - 2 weeks ago

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