InvestorsHub Logo
icon url

eyedoc

02/04/11 10:09 AM

#14089 RE: Michael Anderson #14086

I agree. My email to Jacky stated basically that, because it is put up or shut up time. They really can't afford to wait. Push shorts out and the circus will leave town to an easier target. That being said I appreciate all the DD you have done Michael.
icon url

Must Be Patient

02/04/11 10:13 AM

#14092 RE: Michael Anderson #14086

I'm going to disagree here, if they commit to the $30mm buyback that is plenty. They have demonstrated that they have high ROI projects they can do, and new complementary businesses they can create to add more value (like SWITOW). Since they have proven to be excellent capital allocators in the past, they shouldn't use up *too* much of their cash boosting the stock price.

Of course, all of this assumes that CCME has a legitimate business as claimed in SEC filings.