Entercom Communications Corp. (ETM)

nesselsdorf1187 (99.05) Submitted: 11/13/2009 8:20:47 AM : Start Price: $6.31 ETM Score: +5.47

Missed the right time to short it but still :) Ultralong's blog example for "garbage stock"

TSIF (98.76) Submitted: 11/3/2009 12:52:52 PM : Start Price: $6.27 ETM Score: -9.89

Entercom Communications is in the weak radio broadcast field that is highly dependent on advertising revenue which is still in short supply. Still, the 20% slashing the stock received after beating the street estimates seems a bit much, especially since Entercom has been doing a decent job of maintaining profitability and slashing debt. Part of the decline in share price is due to a jury award that timed the earnings report almost suspiciously. The jury award of $16 Million would take a serious hit on Entercom's cash balance if they end up liable for the entire amount. My assumption is that insurance should pay part of it and that there are appeal processes that may result in an out of court settlement for less. the award took two years and is only a 'county' level trial. Entercom somewhat admitted guilt by firing 10 employees over a contest stunt that encouraged participants to forgo common sense and hold their wee for a Wii. Quite a prize that the 28 year old mother who died played a silly game over. Back to the books, again, debt is being managaged, income is down 23%, but revenue beat the 2nd quarter. Free cash flow is down 22% but still postitive at $21.7 Million. I still don't like the debt, but the leverage ration is 5.6 and advertising seems to be rising as we enter into a somewhat tepid, but slightly positive holiday season.

pharmacist2011 (86.58) Submitted: 11/2/2009 6:56:31 PM : Start Price: $7.31 ETM Score: -23.81

run forest run - primed and ready

hendrixtrader (51.55) Submitted: 10/20/2009 4:44:22 PM : Start Price: $9.49 ETM Score: +37.47

This graph shows the S&P as a straight line over the past 6 months, and we know thats not right. This stock is way overvalued. Way too much debt.

EclecticRecluse (75.45) Submitted: 10/12/2009 4:41:25 PM : Start Price: $7.69 ETM Score: +24.27

High Price with Low Professional Opinion

Whazat (45.84) Submitted: 8/24/2009 11:37:32 PM : Start Price: $4.41 ETM Score: +26.27

Entertainment is always a must.

toshimelonhead (29.65) Submitted: 8/14/2009 4:38:49 PM : Start Price: $4.25 ETM Score: -29.33

Radio has signed off. A dinosaur along with CXR and all the other radio stations.

TheKiecker (46.97) Submitted: 7/17/2008 9:34:02 PM : Start Price: $4.87 ETM Score: +33.36

WEEI in Boston just pulled a huge coup robbing the two best writers from the Herald to join WEEI.com.. whatever that means.. I beleive radio and web have finally made a marriage.

In which case ETM no longer has their brains in there asses.

smithbergerinc (< 20) Submitted: 5/22/2008 12:59:32 PM : Start Price: $10.62 ETM Score: -25.01

The management of ETM is by far the largest shareholder. They have a strong stake in how well the company performs. Because the industry was down from fears of Sirius and XM taking over the market, radio broadcast companies stock prices have fallen. ETM has had no problem paying out huge dividends and has loads of cash flow. This stock should be valued somewhere around clear channel at $30 to $35 a share. ETM is a cash cow.

JaxWebGuy (< 20) Submitted: 4/2/2008 9:29:28 PM : Start Price: $10.06 ETM Score: +24.08

Currently yielding 14% or better. Ample cash flow. Well run company with very attractive assets in many geographically diverse markets.

TheLastYetti21 (85.95) Submitted: 6/12/2007 12:45:44 PM : Start Price: $22.17 ETM Score: -49.91

divdend, with high grwoth potential, undervalued

NetscribeMedia (22.14) Submitted: 4/26/2007 2:33:18 AM : Start Price: $25.57 ETM Score: -54.10

The year 2006 was the radio industry’s annus horribilis. Advertisers abandoned the radio and migrated to new media like the internet and mobile phone. A prospective Sirius-XM Radio is also giving sleepless nights to the terrestrial radio companies. Entercom, however, seems to be sailing the rough waters quite smoothly. Entercom’s 2006 revenues increased 1.8% to $440.5 million. This was commendable, considering radio’s terrible last year. A substantial increase in expenses, however, resulted in reduced net income. Entercom announced that its late February revenues were pacing up single digits. The company completed a string of acquisitions over the year which will hold it in good stead in the years to come.

Entercom has decided to focus on three growth drivers. They are investing in new brands and enhancing on-air content, expanding business development capabilities and beefing up their digital platform. Entercom entered the San Francisco market in January, 2007. They agreed to exchange four radio stations in Cincinnati and three of their seven radio stations in Seattle for Bonneville International Corporation’s three FM radio stations in San Francisco. San Francisco is the fourth largest radio market in the USA.

Currently, digital revenues account for less than 1% of the company’s total revenues. Digital revenues are, however, expected to contribute robust growth in the future. Entercom expects low single-digit same station revenue and expense increases in 2007’s first quarter. 2007’s capital expenditures are expected to range between $14 million and $15 million. The royalty rate increases for internet radio broadcasters will have the terrestrial radio stations like Entercom jumping in joy. Consequently, Entercom should have a good year ahead of it.

dstnewman (98.03) Submitted: 12/27/2006 4:49:44 PM : Start Price: $25.21 ETM Score: +57.95

This underperform goes hand in hand with my Outperforms on SIRI and XMSR. Terestrial is dying. iPods and Satallite are all the rage.