WRKO / WEEI owner Entercom’s shares have sunk to a fresh 10-year low on Wall Street today. ETM is currently down 43 cents to $16.03, the lowest we’ve ever seen.
Analysts see radio as a dying medium, especially as ad revenue rapidly migrates to the Internet. But Entercom stands out for its negative performance, with only Imus employer / WPRO owner Citadel faring worse.
Wall Street clearly expects a total collapse at Citadel, while Entercom survives by treading water. Where would you place your investment dollars?
Oil & Energy. Unlike washed up hacks and dinosaurs there will always be a need for them.
Uncle Tommy tells me this is just a blip, and to ride it out. Uncle Tommy is way smarter than you. Witness the fact that he gets big bucks for doing essentially nothing, and you don’t. Ta-ta for now. It’s time for my 2 hour unionized state employee luncheon (liquid, that is…) I LOVE MY UNION-PROTECTED LIFE!
Uncle Tommy tells me this is just a blip, and to ride it out. Uncle Tommy is way smarter than you. Witness the fact that he gets big bucks for doing essentially nothing, and you don’t. Ta-ta for now. It’s time for my 2 hour unionized state employee luncheon (liquid, that is…) I LOVE MY UNION-PROTECTED LIFE!