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Re: Traderfan post# 9219

Thursday, 01/06/2011 3:01:01 PM

Thursday, January 06, 2011 3:01:01 PM

Post# of 34471
This guy's answer provides what is likely the prevailing attitude among fundies and why fund ownership is relatively light. Most of these guys see risk while we see opportunity. That has allowed the stock to be dominated by shorts and traders instead of long term holders.

Until that attitude changes I suspect CCME will continue to be both volitile and under valued. Traders will move in and shorts will cover surrounding news events and earnings releases but for the most part it will trade irrationally as it does now with a long term upward bias.

We've all already discussed the things that can change the perception of the company. A longer track record, coverage by a high profile firm, execution on SWITOW, etc. As excruciating as it is to own a stock trading at less than half its value that is the situation.
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