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The Company acquires, operates and maintains radio broadcasting stations and other media properties.
Exiting stock. Expect to sell most of them at 4$. Right now its 50% below SP and 75% below it's all time high in the last 52 weeks. Trading at 7$ dollars before the 08 crisis, and growing steadily since july 2010. The stock got a ratio of 3 to 0 on wall street being bullish on the stock. A lot of positive signs. On the bearish side and negative side. There is not much focus on ROAIK, which clearly shows on the lack of analyst that are analyzing the stock, and it's also difficult to find how much ROAIK commercial earnings, is giving on the bottom line.I am sticking with this one, for approximately half a year, expecting it to have a large growth.
Radio stock... BARF! If SIRI has taught us anything, it's that there's no money to be made long term on radio-related stock. Look at Radio One - they've bounced between .60 and 5.44 in a years time. The only consistency I see here is that they'll SUCK. Stock may make small price gains, but they're not going to beat the S&P in my opinion.
Just a risky chart play. The company is junk but the bounce may be some fun for technical traders.
VALUE LINES - WORST PERFORMING STOCKS 13 WEEKS
V.L. says if they get it together it could be $40 stock.
Insanely cheap based on a market overreaction to one bad quarter.
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