True, but whoever was manipulating this stock back in the sub $10 range found an effective way to churn the float several times over while maintaining a depreciating share price. They obviously have very deep pockets and are obviously still very much dedicated to making CCME work their way - which is running it into the ground.
If last quarter’s numbers can't sustain at least an 8x multiple, then all of the pleasantries of the nice ride up we've had were nothing more than an adrenaline rush followed by an abrupt crash, which we have had every other earnings release to one degree or another. I'm not saying that is definitely the case, but it sure is starting to feel like the bad old days again. 1.2 million shares to the negative after already giving back 20%? Really?
As I write this FMCN, who has had a 100% run up in under a year, is up 3% and we are down 6% and we just had earnings that left them in the dust.
A dividend would have put an end to all of this nonsense. Period.
