Wade, re CCME. The projected fd eps growth for FY10 vs FY09 is pretty flat at the moment, so its hard to get much PE expansion right now. If you have a long-term perspective, I think CCME is an excellent buy at current levels. It also might be advisable to swing trade it as it does seem range-bound at the moment. Its hard to really compare the company to what it was in FY09 before its capital raises and SPAC merger. I think this is a FY11 story, assuming they can keep the share count increases to a minimum in the future.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.