Emmis Communications Corp (NASDAQ:EMMS)

JesternotherFool (< 20) Submitted: 12/19/2006 10:32:08 AM : Start Price: $8.12 EMMS Score: -80.22

Toward the end of November, EMMS distributed a one-time dividend of $4.00/share (!!). Of course the price dropped then and has remained in the low 8's the last couple weeks. But that means it's really equivalent to low 12's, and that's pretty much what EMMS was trading for since about mid-August, long before the dividend was announced. It's spent most of the year above that. Long-term, this company won't make you rich, but coming in at $8.20 and getting out at somewhere around $17 or $18 doesn't seem like a bad idea to me. That's where it spent nearly all of 2005.