Value - I agree about the potential catalysts, though I feel that the only ones that would be meaningful at this juncture are the analyst coverage, media coverage and divi. Anything related to revenue won't have much of an impact IMO. I can't get past the fact that they added enough busses to increase revenues by 7% and the stock has pulled back considerably since the announcement.
As per the "new kid on the block" statement, I don't know if I agree - not fully anyway. There have been many new IPOs that bum rush to full valuations right out of the gate when credibility isn't a big concern. Granted CCME was a reverse merger, not an IPO, but I think the market has had plenty of time to digest the business model and financials and make a decision on the company. Right now it is clear they don't feel like sticking their necks out.
It sounds ridiculous to me reading that last line; that anyone would feel like they are sticking their neck out with CCME, but that is the only explanation that I have for a rediculous PE on an insanely profitable company.
